Two Mortgages - One in Joint names one only in mine

11 years ago my wife and I bought a flat with a mortgage from C&G. We have since bought another property in my name only which we live in. We rent out the flat and have had great problems in getting the rent in, therefore we have arrears of #1400. The C&G have issued a warrant for possesion for the 17 oct 2000 and I would like ro know if there is anything we can do to stop it. I still have the tenants in the flat. We have had a warrant for possession before and stopped it by paying off the full arrears but am worried they will not accept it this time. We also have a secong charge on the property of #5000. What do we do about that? If they reposess us, can they also take our newly bought house as well? I don't care about the flat but don't want to lose my house. Please help

[ Previous | Next ]