Yes the debts are in my name only.

With regards to the charge, as the home is in both our names the charge had to be as well.

Hi lem, Looks like I replied just before you posted. "There is £30k equity in the unit which would be wiped out by the break fee. The home has around 80k equity split between the wife and I, which is unavailable due to the unit mortgage holding the 2nd charge. I have full time employment but the wif...

There is £30k equity in the unit which would be wiped out by the break fee.

The home has around 80k equity split between the wife and I, which is unavailable due to the unit mortgage holding the 2nd charge.

I have full time employment but the wife doesn't work.

For nearly 10 years I have run my own business and unfortunately the company is now due to be liquidated. Once the liquidation has been processed the personal guarantees that I have signed will be enforceable (approximately £81k). This will increase my unsecured debt to £111k. In 2008 I purchased an...