I have two mortgages secured on my property valued at £100K My first mortgage is with C & G with £82K remaining. My second mortgage of £43K is security on a business loan with Lloyds TSB of which I am about to default due to business failure. I am about to declare myself bankrupt (due to other problems!). Has anyone had experience of negotiating a settlement with banks regarding this type of security. I need to keep my home above all else.(posted 8142 days ago)Thank you. James.