Shelter’s Income and expenditure figures highlighted13:57 PM, 4th February 2019
About 2 weeks ago 35
I have a client who has today received a letter from his mortgagee stating they are enforcing power of sale on his buy to let flats as he has breached his mortgage conditions.
The breaches it appears have been caused by non payment of service charge which were being disputed and more bizarrely by the fact that he used a third party to pay a mortgage – the lender then repaid this to the third party who refused to pay it back to him so the mortgage had some arrears.
He has offered to clear these account arrears one per month over a period of months as well as making his contractual monthly payment.
His lender has said even if he pays off one account they will not stop the enforcement of sale and so he doesn’t know what to do. He is looking at potentially going bankrupt because of this.
Any help or suggestions would be much appreciated
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