Mortgage arrears: desperate client

I have a client who has got into a terrible mess with mortgage arrears. He is aged 75 and  in poor health, and earns very little from his small business. He has a £300,000 mortgage plus about £90,000 arrears. The house is worth about £200,000 and is his only significant asset. The bank is being very unhelpful and keeps threatening to throw him out of the house. Are there any Government schemes or initiatives which help someone in this position?

Comments
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Point out what is good business to the bank.

welsh_dragon |
welsh_dragon's picture

Sack being 75 with a £300k mortgage

JCresswellTax |
JCresswellTax's picture

Still desperate

Anonymous |

misselling

welsh_dragon |
welsh_dragon's picture

Misselling

valentino rossi |
valentino rossi's picture

as often is the case

Anonymous |

More info

Anonymous |

I'm sorry !!??

Anonymous |

3 - 6 months

welsh_dragon |
welsh_dragon's picture

sounds like its his own fault

dbowleracca |
dbowleracca's picture

Raking over the coals

Anonymous |

Good grief. We eventually get there.

Anonymous |

??

nobbie |

"Have the bank been paying him, rather than him paying them?"

Anonymous |

The answer

Anonymous |

And so it's Official

Anonymous |

LOL

Anonymous |

money laundering made easy

dbowleracca |
dbowleracca's picture

To OP

Anonymous |