Response to Cannot afford mortgage payments - what are my options?

Howard..you may wish to know that depending on where you are in Canada, it is very very easy to be found there from the UK. I would suggest you sell the property and make some sort of deal with the Yorkshire to pay off the shortfall. They are likely to agree to a reduced sum if you come clean. I would not suggest walking away as it's not that easy and you may wish to return to the UK at some point. Do you really want 12 years of aggro? My understanding is that if you just "disappear" leaving no forwarding address - the BS are fully entitled to the 12 years as they had no way of contacting you under the 6 year guidelines. Two years away is not that long and things change after the novelty of being overseas wears off...believe you me.

[ Previous | Next ]