Need some housing advice.

[danielf]

Originally Posted by AdamD

We don't have 3k, but we had intended on renting his room out when he left, to pay off that debt

We CAN apply for a "Change of borrower", but she said it'd be unlikely we'd get it, because they assume we can't afford the mortgage (even if we switched to interest only)

They do understand, now, because up till today, he's been feeding them non stop lies it seems.

Gonna see about applying for the mortgage rescue scheme in the mean time, as she also told us legal action due to non payment/arrears was gonna happen very soon.

Not sure what the best course of action is. First off, you need to start paying that mortgage again, assuming you haven't already done so. Next, you need to get your lender on-board, so hopefully they will work with you rather than against you. I would see about making another appointment with them to try and sort out a solution. Above all, be honest about what happened and what your plans are. I would imagine that it's not in the lender's best interest to start legal action either, so hopefully, they will help in finding a suitable solution.

[AdamD]

I don't know either.

We're going to citizens advice at 9am tomorrow to talk to them, then hopefully they'll refer us to the mortgage rescue thing.

[danielf]

Originally Posted by AdamD

I don't know either.

We're going to citizens advice at 9am tomorrow to talk to them, then hopefully they'll refer us to the mortgage rescue thing.

Good plan...

[borrissey]

What about taking out a loan to pay off the arrears?

[AdamD]

No, because we'd still have to pay the full mortgage price, which we can't afford

At this rate, we're looking to use the governments buy to let scheme (words to that affect), or sell via an estate agent.

[Angua]

Don't know if the government mortgage help site might be any good http://mortgagehelp.direct.gov.uk/

[borrissey]

You could sell and downsize and get a new mortgage, but would you get a mortgage now after all that's happened?

[AdamD]

No, we wouldn't get a mortgage

Due to him not paying the mortgage, my credit rating has gone from very good/excellent to bad/fair. (And that was back in January)

[borrissey]

Your uncle has done a lot of damage!!!!!

[AdamD]

Indeed he has.

He doesn't seem able to comprehend what he's doing to us all, he either doesn't care, or he's just not right in the head (I believe it's both)

If we bring up the matter, he throws a major tantrum and literally hides in the garage, or in his car, then claims he's having an angina attack.

[AdamD]

Well things went ok at the citizens advice place, we were first at the door and seen in 5 minutes.

The guy we saw has made an appointment to see a debt specialist, who'll negotiate/deal with the mortgage company on our behalf.

[borrissey]

Sounds like positive news.

No one wants to lose there house, but it's better to sell it than lose it. You could rent till you can build your credit rating back up, then look to buy again...

[AdamD]

Yea we're going to have to once the house is sold, but the question is, can we rent, given our credit damage? heh.

[AdamD]

My dad found a note under his door earlier today, stating:

I have spent most of today arranging for all the arrears to be paid by next Tuesday or Monday.
I am selling my part of the house to either XXX or her brother-in-law.
I will move out and live with XXX and a tenant will take my room to pay the mortgage.
D

XXX being his so called "Partner" who's been taking all his money
So he's going to (Sell?) his apparent share in the house to someone else, even though he doesn't OWN a share and their rent is going to cover the whole £658 a month?
Jeesh

You need to contact the 'buyer' privately and advise them that they will be throwing their money away if they give it to him.