I received an official offer from the bank today in the post on residual debt after selling properties. (The properties are now sold)
Essentially they have come up with a repayment plan lasting 10 years. I will be very poor for that length of time.
I'm thinking any option is better than this.
Normally is there an over and back negotiation in this scenario - or how dors it work?
I probably could get a relative to pay lump sum of some sort up front. Is there any actual evidence of these offers of lump sums being accepted?
Of course I have an appointment with my solicitor who specialises in this area - but out if curiosity does anyone have any experience in this scenario?
Essentially they have come up with a repayment plan lasting 10 years. I will be very poor for that length of time.
I'm thinking any option is better than this.
Normally is there an over and back negotiation in this scenario - or how dors it work?
I probably could get a relative to pay lump sum of some sort up front. Is there any actual evidence of these offers of lump sums being accepted?
Of course I have an appointment with my solicitor who specialises in this area - but out if curiosity does anyone have any experience in this scenario?