southside100
Registered User
- Messages
- 32
Seriously considering walking away from debt. Own an 1 bed apartment that was worth 360k at the height of the boom, still owe circa 315k, current value is 130k. Wife was made redundant from a well paid job and has found a new job but at a fraction of what her previous salary was.
Kid is growing fast and we need to rent a bigger place. Bank will not let me sell and work out a deal to pay off Neg Equity which I would be happy to do. They refuse to let me move with Neg Equity either. If I rent the place out I wouldn't even get 50% of my monthly mortgage repayments so this is not an option.
New Govt have done absolutely nothing to help struggling homeowners and seem to be spending more time jet setting around europe and the US than looking at the state this country is in.
We're running out of time and options and are seriously considering emigrating and posting the keys back to the bank. This is not something we want to do but feel we are not being offered any help from the Banks or Govt.
If anyone has any information on going to the UK to file for bankruptcy could you please PM me and offer some advice.
Kid is growing fast and we need to rent a bigger place. Bank will not let me sell and work out a deal to pay off Neg Equity which I would be happy to do. They refuse to let me move with Neg Equity either. If I rent the place out I wouldn't even get 50% of my monthly mortgage repayments so this is not an option.
New Govt have done absolutely nothing to help struggling homeowners and seem to be spending more time jet setting around europe and the US than looking at the state this country is in.
We're running out of time and options and are seriously considering emigrating and posting the keys back to the bank. This is not something we want to do but feel we are not being offered any help from the Banks or Govt.
If anyone has any information on going to the UK to file for bankruptcy could you please PM me and offer some advice.