Hi,

I've had a few more forced sale valuations done which have come out at around £200k. I'm guessing that this still isn't a sufficient enough drop and creditors would still be likely to ask us to sell our house?

The valuation was done a week ago by a local estate agent - is a 'forced sale' valuation a different thing?

I was kind of hoping that it had dropped a bit more in value (sounds strange saying that).

Thanks for replying Melanie, Having checked with a few lenders, it seems that out of the £70k equity, only around £10k is currently releasable via a remortgage. As we have this equity in the property, does this mean that my creditors are more likely to expect me to sell the property to release the e...

Hi all, I have around £60k unsecured debt, a mortgage of £150k on a house worth around £220k. I've pretty much built up the debt by borrowing to pay off monthly payments etc.. I've spent the last year moving the debt around onto 0% credit card deals and just paying off the 3% handling fees to keep m...