Questions And Answers
What are my options if i cant meet mortgage repayments?
asked by Dwain Lebelle posted 1 Years ago at 6:41
Currently my mortgage repayments are costing me nearly 50% of my salary, plus all my other costs and i can't afford to keep the property any longer. What can I do when there is a small negative equity? I'm worried about the term bancruptcy and what this will mean to me.
1-3 of 3 Answers
ghostface1 answered 1 Years ago at 6:52Why don't you sell your property, or file a bankruptcy and move to a place you can actually afford to pay!
Ana Miran answered 1 Years ago at 7:46Hi Dwain, why don't you approach your mortgage lender first and explain your situation. You might find that they can work out a new repayment plan for you and always better to discuss than just hand the keys back.
Michael Cowley answered 1 Years ago at 8:41I think you should contact the citizens advice bureau. Their services are free and they have the experience in dealing with people who are experiencing financial difficulty.
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