Pamjo
@pamjo
Reputable Member
Joined: Aug 30, 2011
Topics: 11 / Replies: 344
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RE: BUYING OUT INTEREST IN PROPERTY

To me this seems like double-dipping? If their loss is reduced by any indemnity, am I right in saying your perception is the lender can receive an ind...

14 years ago
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RE: BUYING OUT INTEREST IN PROPERTY

Can anyone advise re. repossession process-if the lender claimed their indemnity on repossessing or realising a sale price, is there any obligation on...

14 years ago
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RE: BUYING OUT INTEREST IN PROPERTY

Mind going into overdrive-more questions! If My lender sought to make me bankrupt would I still be allowed to pay the IP interst, whatever the size o...

14 years ago
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RE: BUYING OUT INTEREST IN PROPERTY

Yes, I'd rather it was able to be avoided because otherwise, everything else is manageable. I spoke with Shelter, they advised speaking with FSA. I t...

14 years ago
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RE: BUYING OUT INTEREST IN PROPERTY

Clearly we never understood that reposession and pursuit of a substantial figure would be the outcome of currency fluctuation. The broker's initial...

14 years ago
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RE: BUYING OUT INTEREST IN PROPERTY

It is a 30 yr term loan so LTV must be based on value in 2007 when we re-mortgaged to this product, ie based on value being equal today to 2007. I thi...

14 years ago
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RE: BUYING OUT INTEREST IN PROPERTY

TDA-Yes I do have other unsecured debts which are being managed in a DMP at this point. Total amount wouldn't warrant any action but the shortfall on ...

14 years ago
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RE: BUYING OUT INTEREST IN PROPERTY

Sorry Tin Soldier but I do have it, (Calling up Notice) copy to my husband as joint mortgage holder oh and one to my tenant too for good measure.[B)] ...

14 years ago
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RE: BUYING OUT INTEREST IN PROPERTY

Thanks for taking time to put together that response, it does help clarify. I appreciate it seems odd and it has certainly not been accepted lightl...

14 years ago
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RE: BUYING OUT INTEREST IN PROPERTY

Hi Again TDA I have been advised that any individual property with equity cannot have the IP interest bought as it has to be sold even if it only c...

14 years ago
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RE: BUYING OUT INTEREST IN PROPERTY

I have a mortgage denominated in yen, long story short, a £63k loan is now at £120k+ as a result of currency shifting adversely.The lender is pursuing...

14 years ago
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RE: BUYING OUT INTEREST IN PROPERTY

Hi TDA Yes, I appreciate I asked several similar questions on separate threads. I also said on another thread I am keen not to take up too much of ...

14 years ago
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RE: BUYING OUT INTEREST IN PROPERTY

HI Mark Sorry, [:o)] I should have began my earlier post with asking for clarication-Is it the case that not all trustees charge this £500 or £1000 p...

14 years ago
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RE: BUYING OUT INTEREST IN PROPERTY

Hi Mark If, as seems likely, I cannot use a trust deed due to lack of surplus income and the fees for bankruptcy are similar, ie unaffordable, what...

14 years ago
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RE: bankrupcy fears

Thanks I don't expect the yellow pages entry will list this as a benefit eg only £200 fees to buy out interest. LOL Because of the very nature, most...

14 years ago
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