I have just received a letter from Halliwell Landau - acting on behalf of Abbey National - enclosing an inc/exp form. I have read on this site that it is advisable not to complete these, but I filled one in last Dec and returned it to AN (HL do not seem aware of this).(posted 8223 days ago)I am a single parent currently claiming Income Support, but my boyfriend has been thinking about moving in with us, in which case i would stop claiming benefit and he would support us. I am worried that if that happened then AN would take his income into account and ask for money.
Also the letter I received had an AN sheet enclosed showing ways that AN are prepared to help if I seek a resolution, a section of it reads as follows:-
'In addition, with effect from 9th October 2000, we will only seek to collect outstanding mortgage shortfall debt based on the valuation obtained at posession, irrespective of the sale price, AND FURTHER DISCOUNT THE OVERALL DEBT BY 50% for those customers wishing to seek a resolution.'
The sale of my property was completed on 5th October 2000, does anybody know if the sale must be COMPLETED after the 9th October for this to apply, as it would reduce my debt from £10748 to approx. £2500 (assuming they had a reasonable valuation done) and that is a massive difference (it is to me at least)!
Any advice would be much appeciated.
Sophie