Thanks for the explanations, guys. From what you've said, would I be correct in saying the following about my original lender:-(posted 8109 days ago)a) They can't force me to sell my home (second property) b) They can't take me to court for neglecting to inform them c) If there is a shortfall, and I can make some kind of arrangement with them, that would be the end of the matter.
Or to put it more simply, can they put me in jail or leave my family homeless?
Sorry to be so melodramatic - my wife is absolutely terrified about what's going to happen, and I'm just trying to get some reassurance for her.
Thanks again.