Mortgage arrears: desperate client

Posted by Anonymous PM | on Tue, 15/12/2009 - 19:07 1185 19 comments | report

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

There are 19 comments. Login or register to view them.

Point out what is good business to the bank.

welsh_dragon | Tue, 15/12/2009 - 22:25

Sack being 75 with a £300k mortgage

JCresswellTax | Wed, 16/12/2009 - 09:38

Still desperate

Anonymous | Wed, 16/12/2009 - 10:24

misselling

welsh_dragon | Wed, 16/12/2009 - 10:27

Misselling

valentino rossi | Wed, 16/12/2009 - 10:30

as often is the case

Anonymous | Wed, 16/12/2009 - 12:04

More info

Anonymous | Wed, 16/12/2009 - 15:05

I'm sorry !!??

Anonymous | Wed, 16/12/2009 - 15:18

3 - 6 months

welsh_dragon | Wed, 16/12/2009 - 16:23

sounds like its his own fault

dbowleracca | Wed, 16/12/2009 - 20:07

Raking over the coals

Anonymous | Wed, 16/12/2009 - 20:31

Good grief. We eventually get there.

Anonymous | Wed, 16/12/2009 - 20:50

??

nobbie | Wed, 16/12/2009 - 21:05

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

Anonymous | Wed, 16/12/2009 - 23:30

The answer

Anonymous | Fri, 18/12/2009 - 13:49

And so it's Official

Anonymous | Fri, 18/12/2009 - 14:34

LOL

Anonymous | Fri, 18/12/2009 - 16:50

money laundering made easy

dbowleracca | Fri, 18/12/2009 - 18:46

To OP

Anonymous | Fri, 18/12/2009 - 19:43