I am in serious debt and I cannot pay my mortgage. If I just hand in the keys to my flat will I still owe money to the building society?

Asked by tobyjemh

9 Answers

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Answered by trevor mackey, IFA
Yes, they will go through the reposession process and eventually sell the property. Should there be a loss they can still pursue you for the money. However you can deal with this but I suggest you get professional advice.
If you want to discuss call Money Puzzle 0141 204 0086. They dont charge fees for advice. | 12.08.12 @ 08:47
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$commenter.renderDisplayableName() — {comment} | 11.23.17 @ 01:39
Answered by Paul Skinner, IFA in Odiham, HAMPSHIRE
Please get untouched with us urgently - we may have people that can buy your house and allow you to repay your mortgage without having the property repossessed.

Paul Skinner
PKS - Mortgage & Insurance Experts
paul.skinner@pks.org.uk
0845 226 5009 | 12.08.12 @ 09:30
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$commenter.renderDisplayableName() — {comment} | 11.23.17 @ 01:39
K
Answered by kobemcklain
Well in your case it totally depends on the deal and I would suggest you to better opt for the best deal as looking towards your unmanageable situation. The debt is quite huge and there’s no certainty left for any payments from your side. The only option that is most feasible for your situation is going for a mortgage professional getting better assistance and striking out of undesirable circumstance. And for more compatibility with your payments just make sure to check kwik quid if considering more queries. | 06.06.13 @ 16:07
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$commenter.renderDisplayableName() — {comment} | 11.23.17 @ 01:39
A
Answered by amy.03paul
I think that you will need to pay the money to your building society, whether you hand in the keys to your flat, or not, because you are a member of the society and you have taken benefits of the society services. And I would suggest you to consult with any good financial adviser for getting out of the mortgage debt.
payday uk | 06.18.13 @ 15:13
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$commenter.renderDisplayableName() — {comment} | 11.23.17 @ 01:39
K
Answered by kevin.03thomas
Obviously this is responsibility to pay cash to your society, after all you are a member of that society and you have used services provided by the society. I think that you can take another loan just pay off your previous mortgage debt, or you should try debt consolidation loan, which can be perfect for you.
quick cash | 06.22.13 @ 09:34
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$commenter.renderDisplayableName() — {comment} | 11.23.17 @ 01:39
L
Answered by linda.03thomas
Debt is really a critical problem, and nobody wants to be in debt. In case if you are having debt and you are not able to pay your mortgage loan , then you must take a mortgage loan debt consolidation.
cash loans | 06.29.13 @ 09:02
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$commenter.renderDisplayableName() — {comment} | 11.23.17 @ 01:39
D
Answered by denny.03watson
I think that you will owe money to the building society, because you are the owner of that particular flat, however if you want you can charge it to people who is willing to rent your house. I would like to suggest you that you should repay your mortgage loan for that you can consult with any financial consultant.
money shop | 07.05.13 @ 14:58
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$commenter.renderDisplayableName() — {comment} | 11.23.17 @ 01:39
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Answered by alea.03robert
You are the owner of the flat, so you will owe money to the building society. It is possible for you charge the society charges to the people who are using your house for rent.
same day loans | 07.12.13 @ 10:35
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$commenter.renderDisplayableName() — {comment} | 11.23.17 @ 01:39
K
Answered by kobemcklain
Debt is always been a major controversial topic for any of the monetary circumstances. You are in a big problem and your debts also sounds too big, the option mentioned out by you would be correct of disposing that flat and clearing your mortgage with it. But I would like you to suggest to take some guidance of mortgage expert, as there might be some better solution.
Payday Loans | 07.20.13 @ 10:51
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$commenter.renderDisplayableName() — {comment} | 11.23.17 @ 01:39
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