I have contacted my mortgage lender for some "advice" on selling my house, which is approximately 40% in negative equity. I have been on an interest only payment for a long time now and my lender is telling me that facility may not be an option anymore.
If this is the case, I will fall deeper and deeper into arrears and selling the house will be my only option.
I would be interested in hearing from people who have been through this process. Were they happy with their decision? How easy/difficult was it to arrange? How did your lender restructure the negative equity? For me, I see this as my only option now. Thanks for your comments.
K.
If this is the case, I will fall deeper and deeper into arrears and selling the house will be my only option.
I would be interested in hearing from people who have been through this process. Were they happy with their decision? How easy/difficult was it to arrange? How did your lender restructure the negative equity? For me, I see this as my only option now. Thanks for your comments.
K.