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 hi all GOOD NEWS OR no longer has interest in my property
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gally
Junior Member



114 Posts

Posted - 08 June 2011 :  19:32:25  Show Profile  Reply with Quote
hi all GOOD NEWS i received a letter recently informing me that the or no longer has an interest in my property and was informing the land registry to place the interest back to me . question a couple i know r going under for less than £40 k betweeen them am i right in thinking there was new legislation brought in a couple of years ago for a more quicker and cheaper /alternative , however they want to keep their property (neg eq) any help out ther please

RHB
Senior Member

1159 Posts

Posted - 08 June 2011 :  20:44:19  Show Profile  Reply with Quote
Not if they own property no.
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Niobe
Administrator



United Kingdom
4590 Posts

Posted - 08 June 2011 :  23:00:33  Show Profile  Reply with Quote
If you're talking about a debt relief order then RHB is correct. You cannot do it if you are a homeowner. You also have to have less than £15k debt and less than £50 per month disposable income after priority debts have been paid.

The world is broken, halos fail to glisten
We try to make a difference but no one wants to listen
Hail the preachers, fake and proud
Their doctrines will be cloud
Then they'll dissipate like snowflakes in an ocean

Jan
xxx
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