I have recently received a letter from AB Wolfe, acting on behalf of EBS, in relation to mortgage in arrears. Basically the letter states I need to pay all monies owed to EBS, including arrears and interest, within 14 days or they will take the house and put it up for sale.
I recently started back in contracted employment a couple of weeks ago after a significant amount of time being unemployed. I have also found a tenant for my house last week. My plan was to pay what I could towards the mortgage. However, I found out last week that, due to a change in the company's requirements that I am working for, I will only be contracted for another month or so. This means I'll be unemployed again unless another position comes up. This is highly unlikely, due to my experience in job hunting.
So with all this in mind, how should I respond to this letter? Should I contact EBS or their nominated solicitor? If they are looking for all of the mortgage within 14 days, would they even consider accepting the monthly rent I am now getting for the house (the rent does not cover full mortgage monthly repayments BTW)? Thanks for the advice.
I recently started back in contracted employment a couple of weeks ago after a significant amount of time being unemployed. I have also found a tenant for my house last week. My plan was to pay what I could towards the mortgage. However, I found out last week that, due to a change in the company's requirements that I am working for, I will only be contracted for another month or so. This means I'll be unemployed again unless another position comes up. This is highly unlikely, due to my experience in job hunting.
So with all this in mind, how should I respond to this letter? Should I contact EBS or their nominated solicitor? If they are looking for all of the mortgage within 14 days, would they even consider accepting the monthly rent I am now getting for the house (the rent does not cover full mortgage monthly repayments BTW)? Thanks for the advice.