hi, at the minute it looks like the shortfall on our mortgage and secured loan is going to be at least £15k....do i put an amount in the unsecured section as well so there is no fallback when we go br?
in section 4 (secured)the mortgage and secured loan should be listed seperately.
They should both be seperately listed in section 4 unsecured if you intend to give up the property. For the amount owed, this is unknown so just enter £1. For date incurred this will not have happened yet so enter unknown. For reason for debt enter possible shortfall , sale price to sum owed.
thanks john, no i dont intend to keep the property...have already moved into rented acc. 3 weeks ago, so i put mortgage and sec. loan in secured section and both again in unsecured with a sum of £1?
shortfall!!
Posted - 02 March 2009 : 21:02:02
