victim of a property developer stitch up

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andy_g

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Post by andy_g » Thu Apr 24, 2008 10:34 pm
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I have just been a victim of a property developer stitch up. It has resulted in me and my wife being left with our home mortgage that has rate changed, we were using the property development to finance the increase. Also we have been left with two additional mortgages and deveolpment loans. In total approx £1,1050,000. The cureent value of our home is , on the market at £750000, mortgaged at £555,000
Development properties stand us at 160,000 and 340,000 plus 50,000 build costs
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MelanieGiles

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Post by MelanieGiles » Thu Apr 24, 2008 11:20 pm
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Hi Andy and welcome to the forum

Has this left you in a personal insolvency position?
Regards, Melanie Giles, Insolvency Practitioner
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