Hi,
I am a bit in the dark when it comes to these things and I was hoping somebody may be able to shed to light on the issue I have at present.
My partner and I have split up and she is going to go bankrupt. The house is our joint names and I still live at the property.
We have switched to interest-only repayments around 15 months or so ago, so there are some arrears already.
There is no equity in the property and whilst I have a few financial (work) struggles myself I hope to be in a position to take on the mortgage in full shortly.
Reading other posts it sounds like if there was equity in the property, it would have to be sold to repay creditors, but it is unclear what the options are when there is none.
In the worst case scenario of enforced repossession what sort of time scales am I looking at before I am evicted or have a chance to come up with a solution/agreement with the mortgage company (NRAM)?