It's not very prudent to unilaterally cook up a cashflow management plan, stick to it, ignore arrears letters from the lender and not engage with them. This is a recipe for disaster. You need to talk to your lender in my view. Ignoring the problem is just putting your home at risk and storing up even more stress. If you are in arrears and they are increasing then you need to tackle the issue and make some possibly tough decisions about what really is essential expenditure.Thanks Iscritto, Hi Daisy2D,the banks just send their arrears letters I don't respond to anything at all just stuck to our plan
Not responding to arrears letters and engaging with the lender seems to be ignoring part of the problem to me.nothing has been ignored
the banks just send their arrears letters I don't respond to anything
Daisy2D Another thing all the negative equity thing only really matters if you are planning on moving someplace and even at that I wonder does it? A lot of People seem to be stressing about something that is a figure on a balance sheet, if I were to buy a new car in the morning and take it out of the garage it would be worth about 7 grand less, 5 minutes later, property will pick up again it will just take time.
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