M
meerab
Guest
hi everyone
hope someone can help as i am in a mess!
so here is the story
Me my sister and my mother bought a property in 1992. we were all living in the property and then later on in year 2000 re mortgaged with alliance n leicester and its an endowment mortgage not a repayment one.
The problems
1. Me and my sister have fallen out since and i have been paying the mortgage on my own for 3 years.
2. My sister is not willing to talk about the situation
3. my mother is elderly so she cannot contribute
4. i am paying £850 a month and i have bills,debts and a daughter to support.
5. i dont want to sell and move out becuase its not worth it in the current climate.
Mortgage is £130.000
house value approx £400.000
so as you can see its a small mortgage with large equity but split 3 ways its not alot of money. i am heavily in debt (have contacted consumer credit counseling.)
i want to keep up my repayments but i want to know if i have any legal rights if i have been paying £800.00 + a month every month and all the bills to go with it.
its my home and im very insecure as to what is going to happen i dont want my sister to enforce any kind of sale..
Can someone offer me some advice.
Thanks in advance!
hope someone can help as i am in a mess!
so here is the story
Me my sister and my mother bought a property in 1992. we were all living in the property and then later on in year 2000 re mortgaged with alliance n leicester and its an endowment mortgage not a repayment one.
The problems
1. Me and my sister have fallen out since and i have been paying the mortgage on my own for 3 years.
2. My sister is not willing to talk about the situation
3. my mother is elderly so she cannot contribute
4. i am paying £850 a month and i have bills,debts and a daughter to support.
5. i dont want to sell and move out becuase its not worth it in the current climate.
Mortgage is £130.000
house value approx £400.000
so as you can see its a small mortgage with large equity but split 3 ways its not alot of money. i am heavily in debt (have contacted consumer credit counseling.)
i want to keep up my repayments but i want to know if i have any legal rights if i have been paying £800.00 + a month every month and all the bills to go with it.
its my home and im very insecure as to what is going to happen i dont want my sister to enforce any kind of sale..
Can someone offer me some advice.
Thanks in advance!