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Amnesia10
Legend
Joined: Fri Apr 24, 2009 2:02 am
Posts: 29240
Location: Guantanamo Bay (thanks bobbdobbs)
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When a friend of mine had a similar situation he was able to transfer the mortgage from one party to the other and go bust but still live there. There might be a legal way to clear the negative equity and still live there. It is worth looking at. _________________Do concentrate, 007... "You are gifted. Mine is bordering on seven seconds." https://www.dropbox.com/referrals/NTg5MzczNTkhttp://astore.amazon.co.uk/wwwx404couk-21
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| Tue Dec 21, 2010 4:21 pm |
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cloaked_wolf
What's a life?
Joined: Thu Apr 23, 2009 8:46 pm
Posts: 10022
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Probably not a good idea! He might come back for timark! _________________ He fights for the users.
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| Tue Dec 21, 2010 4:22 pm |
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JJW009
I haven't seen my friends in so long
Joined: Thu Apr 23, 2009 6:58 pm
Posts: 8767
Location: behind the sofa
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Actually, I know someone did something similar. They were also getting divorced. I don't know the details though. _________________jonbwfc's law: "In any forum thread someone will, no matter what the subject, mention Firefly." When you're feeling too silly for x404, youRwired.net
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| Tue Dec 21, 2010 5:45 pm |
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big_D
What's a life?
Joined: Thu Apr 23, 2009 8:25 pm
Posts: 10691
Location: Bramsche
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Sorry to hear that Mark.  I hope it doesn't come to worst-case.
_________________
"Do you know what this is? Hmm? No, I can see you do not. You have that vacant look in your eyes, which says hold my head to your ear, you will hear the sea!" - Londo Molari
Executive Producer No Agenda Show 246
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| Wed Dec 22, 2010 6:56 am |
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timark_uk
Moderator
Joined: Thu Apr 23, 2009 6:11 pm
Posts: 12143
Location: Belfast
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You're not the only person to suggest this and I think it's what I'm going to do. I'm likely to get the redundancy cheque this afternoon. Mark
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| Wed Dec 22, 2010 12:43 pm |
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HeatherKay
Moderator
Joined: Thu Apr 23, 2009 6:13 pm
Posts: 7262
Location: Here, but not all there.
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I was thinking, in such circumstances, I'd "gift" the money to a third party for safe keeping. That way, what you ain't got others can't get. _________________My Flickr | Snaptophobic BloggageHeather Kay: modelling details that matter. "Let my windows be open to receive new ideas but let me also be strong enough not to be blown away by them." - Mahatma Gandhi.
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| Wed Dec 22, 2010 1:05 pm |
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veato
I haven't seen my friends in so long
Joined: Fri Apr 24, 2009 7:17 am
Posts: 5550
Location: Nottingham
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Sorry to hear the news fella, it sounds devastating and I wouldn't blame you for venting (although I refuse to put up with any Mac/Nikon fanboy crap  ) I sincerely hope the new year starts better for you but I'm guessing all this is going to take a while to sort out. Fingers crossed the finances can be worked out too. I'm sure it's enough dealing with wife/job loss without being stung for the house. I would agree with what a lot of others are saying on here tbh with regards to 'hiding' your redundancy - I'm sure you could always pay someone back that loan you had of them a while back :nudgex2 winkx2: All the best m8 _________________Twitter Blogflickr
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| Wed Dec 22, 2010 2:23 pm |
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Amnesia10
Legend
Joined: Fri Apr 24, 2009 2:02 am
Posts: 29240
Location: Guantanamo Bay (thanks bobbdobbs)
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+1 especially if you have to use the bankruptcy route to keep the house. _________________Do concentrate, 007... "You are gifted. Mine is bordering on seven seconds." https://www.dropbox.com/referrals/NTg5MzczNTkhttp://astore.amazon.co.uk/wwwx404couk-21
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| Wed Dec 22, 2010 3:59 pm |
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saspro
Site Admin
Joined: Thu Apr 23, 2009 5:53 pm
Posts: 8603
Location: location, location
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A mate of mine got his company to hold back his bonuses whilst he was going through divorce so his wife couldn't claim any of it.
He also started paying back "all that money he'd borrowed from mates" so his account was empty.
Check with your local CAB as there may be ways around things if you haven't really been living at home but have been paying the mortgage.
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| Wed Dec 22, 2010 4:05 pm |
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timark_uk
Moderator
Joined: Thu Apr 23, 2009 6:11 pm
Posts: 12143
Location: Belfast
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I've just realised that you need utility bills to open a new bank account.
*sigh* I'm stuffed. (8+(
Mark
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| Wed Dec 22, 2010 5:03 pm |
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davrosG5
I haven't seen my friends in so long
Joined: Fri Apr 24, 2009 6:37 am
Posts: 6954
Location: Peebo
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Could you obtain a copy of a recent mortgage statement? I assume that you haven't had any bills in your name wherever you have been living recently.
_________________
When they put teeth in your mouth, they spoiled a perfectly good bum.
-Billy Connolly (to a heckler)
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| Wed Dec 22, 2010 5:09 pm |
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timark_uk
Moderator
Joined: Thu Apr 23, 2009 6:11 pm
Posts: 12143
Location: Belfast
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This is correct. I may have a recent bank statement or a Sky TV subscription bill - anyone know would either of those be sufficient? Mark
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| Wed Dec 22, 2010 5:17 pm |
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l3v1ck
What's a life?
Joined: Fri Apr 24, 2009 10:21 am
Posts: 12700
Location: The Right Side of the Pennines (metaphorically & geographically)
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Open a new current account at a bank you already have an account with. They shouldn't need any proof of address.
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| Wed Dec 22, 2010 5:19 pm |
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timark_uk
Moderator
Joined: Thu Apr 23, 2009 6:11 pm
Posts: 12143
Location: Belfast
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My mortgage is with a company that's owned by Santander. My bank is owned by Santander. I'd really like to put my redundancy somewhere that isn't owned by the same parent company. Mark
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| Wed Dec 22, 2010 5:21 pm |
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timark_uk
Moderator
Joined: Thu Apr 23, 2009 6:11 pm
Posts: 12143
Location: Belfast
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To be completely honest, I didn't find out until yesterday my banks parent company is Santander.
Mark
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| Wed Dec 22, 2010 5:25 pm |
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