Hi there.
2 days ago i received a eviction notice saying the bank has got a repossession order to evict me and my family from my home because od £6000 in arrears that have accumulated over the past 5 years.
We need to be out of the house with our possessions before 12:45pm on the 8th October.
I dont have £6000 to pay and I have bad credit.
I tried applying for a remortgage but my home has a shop attached so the whole thing is classed as commercial property so i need a commercial remortgage that deal with people who have bad credit.
all the companies I phoned said they will not touch me because 1 of the 6 payments I missed was earlier this year, but 1 company said they could help.
A adviser from that company came to see me tonight and we sat down.
he threw alot of numbers around and spoke quickly, almost like he was trying to pressure me into signing the paperwork there and then.
I just need the £6k but he was trying to give me £25k but he said lloyds will still take my property after I paid the arrears so I need a mortgage for £125k which will be £1000 per month interest only!
I am not even considering this option, that is a stupid amount, I pay less than that now, capital and interest.
I just phoned around family to see if anyone could help me, but had no luck, they're all skint as well.
Added (1). I spoke to the man at lloyds who is dealing with my account, he says he I can pay at least a large chunk of what I owe in arrears, then he will work with me going forwards and stop the eviction process.
does anyone else have any other options I could explore and any advice, have you been in this position before and how did you resolve it, Im desperate right now.
thanks for taking time to read this.
Read more: Financial Advice and options please?
