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I'm getting married shortly. Will my new wife become responsible in any way for my debt if I default on my mortgage. The loan was taken out in 07 in my name only and I am now in negative equity (about 100,000)

Re: Unsubordinated? Right on brother. (or sister !!)

I went to the bank before I posted the original thread and offered them several options, as a solution to our (i.e. the bank and me) problem. I would service the loan as an interest only mortgage, and take my chances that in 10 years time the market would have recovered enough for us all to get...

My point exactly

My problem with the banks is that they were the key players in all of this, yet they think that they should take no hit whatsoever on these deals. Yes I chose to buy a house to live in.(or even as an investment!!) But the banks chose to lend shed loads of money they didn't have. The banks...

Crazy situation man!! You have my sympathy. What really galls me is that the banks who are primarily responsible for the appalling mess the property market is in now, they want to take no hit whatsoever on these deals. Like you I chose to buy a property, but I had no idea the lunatics were...

Let’s summarise then shall we? • I was stupid and greedy for wanting to buy a house and put a roof over my family’s head in the first place. I deserve everything that’s coming to me. • The people gave me the loan, who [B][U]deliberately conspired to bring about a scenario whereby I ended...

Let me clear up a few things. First I can afford to pay this mortgage at the moment. ( Who knows about the future) I'm not one of these people who went crazy during the "good times" I didn't max my credit cards or buy a new Merc or any of that stuff. My only "crime " was to buy a modest...

My point is we were conned. No normal sane person would have bought a property if they knew half of what these bozos were up to behind the scenes. I was led to believe to expect certain things from the banking institutions e.g. due diligence in their affairs, competency, even a certain...

I read with interest the previous posts re “defaulting on mortgage” (ecstatic) I’m in a somewhat similar frame of mind. I’m 54 now. I bought a house in 2007 for 310K. I got a mortgage of 280K. My thinking at the time was if the worst comes to the worst, I can always sell it and at least...