M
martyboy
Guest
Steve, and anyone else who can advise,
I own an apt that was worth 245k when i bought it in 2008. I planned living in it until retirement then selling, but having lived in it for 2 years i met and married an American lady and moved to the USA a year ago.
I have been renting out the property, but the rent doesnt cover the full mortgage and then i have to pay 1,700euro as a service charge each year.
I have two things in mind to do, sell the property and get the best price i can and then claim bankruptcy in the UK due to their leniency so that it will be cleared within a year. The other way i may go about it is to hand the keys back and then claim bankruptcy in the UK.
As i say I live and work in the USA now and i pay half the mortgage on the property here with my wife, will the property here be affected if i do either of the above?
I own an apt that was worth 245k when i bought it in 2008. I planned living in it until retirement then selling, but having lived in it for 2 years i met and married an American lady and moved to the USA a year ago.
I have been renting out the property, but the rent doesnt cover the full mortgage and then i have to pay 1,700euro as a service charge each year.
I have two things in mind to do, sell the property and get the best price i can and then claim bankruptcy in the UK due to their leniency so that it will be cleared within a year. The other way i may go about it is to hand the keys back and then claim bankruptcy in the UK.
As i say I live and work in the USA now and i pay half the mortgage on the property here with my wife, will the property here be affected if i do either of the above?