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I recieved a solicitors letter today saying that they have issued court proceedings for possession of the house. Last Christmas we were in total 3 months behind in the payments. We hadn't missed them all at once it had been three separate occasions when there had been a few pounds short in the bank and so the DD had been refused. Of course the bank charged us and the mortgage lenders charged us. We owed £3192.88 and managed to pay £2700 a few days before Christmas. The same exactly has happened this year we have missed, Jan, April and October plus the £492.88 from last year, totaling £22947.68. This year we cant pull money in time from anywhere. We have 2 Buy to let houses, only 1 has a tenant, but it pays for both houses. The other one has not had a tenant in it for more than a year, due to the last tenant causing so much damage and debt there and we haven't had the time energy or money to sort it out. I was looking in to selling that house for cash that would pay off the mortgage and the rest I was going to use to pay off as many debt as I could. The house used to be worth £100k and the mortgage on it is a little less than £40k. All the sell your house for cash people would offer was £42k. Apart from the rent we get from the other house and the child benefit we have no regular income, and a mountain of debt.
Do I just tell the solicitors that to the solicitors? And has anyone got any bright ideas? I also haven't paid any council tax for a few years or water bills. It all started when British gas disconnected the electric at the business we had due to their mess up and we lost the place. The same BG that over charged us and put us in debt due to their mistake at our home previously. (They put it right and gave us about £1800 back that we had over paid) The same thing has happened again though, and British gas are trying to make us responsible for over £6k of debt and fit us with a payment meter. I would see if I could get government help but we owe company tax on money we didn't earn. My business bank account with Natwest has over £3k in it but apparently I have no right to it because I lost the business.
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I wont go on, though it does get funnier. So we have assets that are worth something only not to us..... Help I just can't see clearly what I should do..
Do I just tell the solicitors that to the solicitors? And has anyone got any bright ideas? I also haven't paid any council tax for a few years or water bills. It all started when British gas disconnected the electric at the business we had due to their mess up and we lost the place. The same BG that over charged us and put us in debt due to their mistake at our home previously. (They put it right and gave us about £1800 back that we had over paid) The same thing has happened again though, and British gas are trying to make us responsible for over £6k of debt and fit us with a payment meter. I would see if I could get government help but we owe company tax on money we didn't earn. My business bank account with Natwest has over £3k in it but apparently I have no right to it because I lost the business.
.I wont go on, though it does get funnier. So we have assets that are worth something only not to us..... Help I just can't see clearly what I should do..
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