Please help if you can...Yorkshire Bank have issued repossesion of my semi commercial property, court date 15th Dec 2010
I owe £4000 in mortgage arrears after the tennants who least my property went bankrupt leaving without paying rent for 8 months...
I called the bank loads of times for help and even wrote asking for help such as a mortgage holiday or moving to interest only payments, all fallen on deaf ears...the bank will simply not help..
I hav moved back into the property and pay the mortgage every month but their is a £400 shortfall as the small commercial part of the property is not yet let.
I have over hundred thousand pounds in equity in the property.
I'm so frightened I will loose my home.
I need to know how I stand legally in court with a semi commercial mortgage..?
Four fifths of the property is residential with only a very small commercial part which has in fact been empty for 10 months..
Do I have the same protection in law as someone with a full residential property?
If anyone has a questions please ask....
Thankyou in anticipation