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Gerardy02
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Hi new here just looking some options. I live in northern ireland and currently have a mortgage with birmingham midshires. I am nearly 6 months behind in arrears and about to fall further behind so i think repossion will be starting soon as they have meointed it before.

 

My wife is currently a student so there only 1 income coming into the house in minute. In around 6 months time we will be in a better situation to pay everything as my wife will be due to start uni and will be paid £400 a month bersiure .

 

Its the 6 months going forward that i need to sort out which im thinking i will have allready lost house by time she starts uni. Just looking to c if any1 has any options for me. Thanks in advance.

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Hello, Welcome to CAG.

 

I have moved your thread to the "Home Repossession" forums, where those with the knowledge about these things will pop in and advise.

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Advice & opinions given by citizenb are personal, are not endorsed by Consumer Action Group or Bank Action Group, and are offered informally, without prejudice & without liability. Your decisions and actions are your own, and should you be in any doubt, you are advised to seek the opinion of a qualified professional.

PLEASE DO NOT ASK ME TO GIVE ADVICE BY PM - IF YOU PROVIDE A LINK TO YOUR THREAD THEN I WILL BE HAPPY TO OFFER ADVICE THERE:D

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What help has been offered by the Birmingham Midshires ?

 

Have they offered to swallow up the arrears into the mortgage and reschedule the payments -

 

interest only if you are on a repayment mortgage

 

From what you say, this appears to be a short term problem which you will be able to start recovering in around 6 months time. Are you making payments to the mortgage at all ?

Have we helped you ...?         Please Donate button to the Consumer Action Group

Uploading documents to CAG ** Instructions **

Looking for a draft letter? Use the CAG Library

Dealing with Customer Service Departments? - read the CAG Guide first

1: Making a PPI claim ? - Q & A's and spreadsheets for single premium policy - HERE

2: Take back control of your finances - Debt Diaries

3: Feel Bullied by Creditors or Debt Collectors? Read Here

4: Staying Calm About Debt  Read Here

5: Forum rules - These have been updated - Please Read

BCOBS

1: How can BCOBS protect you from your Banks unfair treatment

2: Does your Bank play fair - You can force your Bank to play Fair with you

3: Banking Conduct of Business Regulations - The Hidden Rules

4: BCOBS and Unfair Treatment - Common Examples of Banks Behaving Badly

5: Fair Treatment for Credit Card Holders and Borrowers - COBS

Advice & opinions given by citizenb are personal, are not endorsed by Consumer Action Group or Bank Action Group, and are offered informally, without prejudice & without liability. Your decisions and actions are your own, and should you be in any doubt, you are advised to seek the opinion of a qualified professional.

PLEASE DO NOT ASK ME TO GIVE ADVICE BY PM - IF YOU PROVIDE A LINK TO YOUR THREAD THEN I WILL BE HAPPY TO OFFER ADVICE THERE:D

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They have been fair so far i set up arrangment last month to pay £600 a month only paid once so far wont be paid this month. If i had of paid it for 6 months they were going to put arrears onto mortgage balance. But they did say i would need tp keep payments up because im nearly 6 months of arrears and once that happened they would start legal percedings. I know even if and when i go to court i can still safe my house but does any1 know how long the hole process takes if they were to file for repossion. Thanks. I paid last months payment not paying this month as i wont get nexts months up then im in process of getting may's payment together skipping aprils.

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http://www.nationaldebtline.co.uk/england_wales/guide.php?page=guide-mortgage-arrears

 

The link above is to the fact sheet produced by National Debtline on mortgage arrears - have a read and see if there is anything that can help on that. If there is still a decent length of time on your mortgage perhaps they can capitalise the arrears, extend the mortgage term so the payment terms are more manageable.

 

TBH, I dont know how long it would take if they were to commence proceedings. They are supposed to give assistance when people hit a financial hiccup, so you should both explore every avenue before they make an attempt to repossess.

Have we helped you ...?         Please Donate button to the Consumer Action Group

Uploading documents to CAG ** Instructions **

Looking for a draft letter? Use the CAG Library

Dealing with Customer Service Departments? - read the CAG Guide first

1: Making a PPI claim ? - Q & A's and spreadsheets for single premium policy - HERE

2: Take back control of your finances - Debt Diaries

3: Feel Bullied by Creditors or Debt Collectors? Read Here

4: Staying Calm About Debt  Read Here

5: Forum rules - These have been updated - Please Read

BCOBS

1: How can BCOBS protect you from your Banks unfair treatment

2: Does your Bank play fair - You can force your Bank to play Fair with you

3: Banking Conduct of Business Regulations - The Hidden Rules

4: BCOBS and Unfair Treatment - Common Examples of Banks Behaving Badly

5: Fair Treatment for Credit Card Holders and Borrowers - COBS

Advice & opinions given by citizenb are personal, are not endorsed by Consumer Action Group or Bank Action Group, and are offered informally, without prejudice & without liability. Your decisions and actions are your own, and should you be in any doubt, you are advised to seek the opinion of a qualified professional.

PLEASE DO NOT ASK ME TO GIVE ADVICE BY PM - IF YOU PROVIDE A LINK TO YOUR THREAD THEN I WILL BE HAPPY TO OFFER ADVICE THERE:D

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  • 4 weeks later...
thread closed

 

Why is this ?

Have we helped you ...?         Please Donate button to the Consumer Action Group

Uploading documents to CAG ** Instructions **

Looking for a draft letter? Use the CAG Library

Dealing with Customer Service Departments? - read the CAG Guide first

1: Making a PPI claim ? - Q & A's and spreadsheets for single premium policy - HERE

2: Take back control of your finances - Debt Diaries

3: Feel Bullied by Creditors or Debt Collectors? Read Here

4: Staying Calm About Debt  Read Here

5: Forum rules - These have been updated - Please Read

BCOBS

1: How can BCOBS protect you from your Banks unfair treatment

2: Does your Bank play fair - You can force your Bank to play Fair with you

3: Banking Conduct of Business Regulations - The Hidden Rules

4: BCOBS and Unfair Treatment - Common Examples of Banks Behaving Badly

5: Fair Treatment for Credit Card Holders and Borrowers - COBS

Advice & opinions given by citizenb are personal, are not endorsed by Consumer Action Group or Bank Action Group, and are offered informally, without prejudice & without liability. Your decisions and actions are your own, and should you be in any doubt, you are advised to seek the opinion of a qualified professional.

PLEASE DO NOT ASK ME TO GIVE ADVICE BY PM - IF YOU PROVIDE A LINK TO YOUR THREAD THEN I WILL BE HAPPY TO OFFER ADVICE THERE:D

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