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by les.d
Thu Jun 26, 2008 9:35 pm
Forum: postings for june
Topic: Is our home in jeopardy?
Replies: 8
Views: 1391

How does this work? would I have to get another £50K on the mortgage in my name? Does my partners name come off the mortgage and therefore I have full control and responsibility for all payments? What happens if the housing evaluation continues to drop? If her equity is £50K, do I have to offer £50K...
by les.d
Wed Jun 25, 2008 12:01 am
Forum: postings for june
Topic: Is our home in jeopardy?
Replies: 8
Views: 1391

First of all thanks for the support shown in these early stages. In answer to some of the questions from you guys: Jointly we have about 100,000 equity in our house. Valued at £330K, mortgage owed approx £230K. Partner has a BMW convertible (approx value £6K). No other assets. Business is not a limi...
by les.d
Tue Jun 24, 2008 1:19 am
Forum: postings for june
Topic: Is our home in jeopardy?
Replies: 8
Views: 1391

My partner is a franchaisee of a hair salon. The business financial plan identifies that there needs to be an income of around 5 to 6 thousand taking a week. Currently it is taking 3.5 - 4 thousand a week. We have supplemented the business by agreeing a loan with the bank and by introducing some per...
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