PostHeaderIcon Handing our keys back is it an option???

We took a consolidation loan out last year and due to work hassles my partner has now taken a 12,000 drop in wages from when he bought his house, so we are paying nearly £900 a month on both we need to sell as I’m expecting and we want to rent but with the market as it is we cant expect more than £100,000 if we are lucky, my niece has offered £90,000 to buy our house but mortgage wont accept it, we now have no other choice but to walk away, if we do can we go bankrupt with all our other debts as mortgage and picture loan will become unsecured loans…

One Response to “Handing our keys back is it an option???”

  • zenophryk says:

    you need to talk to a solicitor to determine your exact situation. whatever you do will have big repercussions later on.

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