given the letters we are receiving it makes you feel like they are going to land on the doorstep with a notice and that's it, we're out.
Do you know that if I do clear the arrears, do we automatically revert to paying the mortgage or has it gone that far that they won't let that happen? Or at that point will they push to do a deal? I just don't want to get the cash together if it's not going to benefit us and take the pressure off?
I would be inclined not to raise payments at all until they make you an offer. Remember these letters are designed to make you afraid and pay up so don't worry about the threats (I know it's hard to ignore). A judge will seriously throw the book at these guys in court so that may well not happen. They are preying on your fears. Send that latest letter to Brendan as well. Do not accept phone calls just tell them firmly that now that court proceedings have started you have been advised to put all in writing. Trust me, that will put the shoe on the other foot and they will be cringing.
We were originally told by Tanager that once we had 6 months of full equity paid we could then recapitalise,
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