I am 6 months in arrears with Mortgage from Abbey National. My house is up for sale, I am hoping to complete in the next 2-3 weeks. I have had a letter from ANs solicitor threatening that if I do not pay all arrears, I will be repossessed. Also, that any legal charges will be added to the mortgage balance.

I have sent them 2 letters by recorded mail, both times they have been signed for, but I have not had any reply. In the letter I have told them that my house is under offer etc and that the loan will be paid off within the month.

Can they demand I make a payment in the next 2-3 weeks, can they add money to my existing loan, where does this leave me? I am worried that the house sale might fall through and then AN will take the property off me

Thanks

Liz Kelly

-- Liz Kelly (lizkelly@hotmail.com), May 27, 1999

Answers

Hi Liz,

Answering your questions in order:

>Can they demand I make a payment in the next 2-3 weeks, Yes, but they can't make you pay it in the next 2-3 weeks.

>Can they add money to my existing loan? Yes.

>Where does this leave me? That depends on what happens with your sale. You'd probably need to see a solicitor or the CAB if the sale falls through.

Hope this helps. Sorry it is not much but a lot depends on that sale. Be aware that judges don't like lenders that try to repossess a customer that is trying to sell so they may not be able to repossess you as easily as they say they can.

Also see the "Free help" guide in the "Who helps?" section - there are some helpful people there.

Lee

-- Lee (repossession@bigfoot.com), May 30, 1999.