Hi, we have included the potential shortfall in our property in our BR. Can we sell our house or do we have to let it be repossessed and then the lender (2nd charge) sell it. We didn't buy the BI in the property. thanks.
Ok. We owe £290,000 to Northern Rock which we are able to pay. The second charge is £100,000 to Barclaycard which we can't pay. Will they repossess us even though they won't get any money and will have to pay the court costs. Thanks.
House
Posted - 22 February 2009 : 14:21:57
