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mortgage arrears

Last post Thu, Sep 04 2008, 12:02 PM by Mr XXX. 4 replies.
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  •  Thu, Sep 04 2008, 12:02 PM

    Re: mortgage arrears

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    Spring,

    6 month arrears and with an adverse lender. No lender high street/sub prime lender will touch you for the forseeable future. Plus as your sister is joint owner/mortgage holder she will have to agree to any change of lender or anything to do with the property. Also when you took the mortgage out you are both fully responsible for maintaining the contractual mortgage payments including the other persons share if they do not contribute.

    If you and your sister are still speaking I would imagine best option would be to agree to sell up, split any equity and go your separate ways!
    • Post Points: 5

  •  Thu, Sep 04 2008, 11:34 AM

    Re: mortgage arrears

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    Twee:

    Why not buy your sister out ?

    Why not BOOT your sister out?

    Speak to your parents about this please!!!!!! If she wont find the money (and it looks like she has no intentions to do so...)then perhaps she needs a wake up call.
    • Post Points: 5

  •  Thu, Sep 04 2008, 11:22 AM

    Re: mortgage arrears

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    Hi

    Thanks for your response.

    Do anyone know a lender who will give me I can approach with 6 months arrears.
    • Post Points: 5

  •  Tue, Sep 02 2008, 7:03 PM

    Re: mortgage arrears

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    Why not buy your sister out ?
    • Post Points: 35

  •  Tue, Sep 02 2008, 5:34 PM

    mortgage arrears

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    A need urgent help and advice from anyone, I have a joint mortgage with my sister but the last six months she has not contributed. My mortagage is with an adverse lender with six months arrears is there any way I remortgage or borrow there is equity in the property.
    • Post Points: 35