Hi All,
Just got a letter from my solicitors with regards to my house sale ( i think its some sort of statement of how the payment works) and although the mortgage will be fully paid off our secured loan on the property will make us in the negative by £7,000.
I went to the estate agent yesterday and they called the solicitors and they advise that we should call our loan company to see if they will be happy to make the loan into an unsecured loan (we hope to move into rented property).
Failing that could we negotiate with the solicitors to arrange a monthly payment plan?
Thanks.