shortfall on secured loan repayment

In message , deltasi writes

Have you had a settlement figure from the 2nd mortgagee?

If there is still a shortfall then ultimately they can stop the sale, but they will pragmatic businessmen and if all parties, i.e. you and your separatee and them, can come to a mutual agreement then fine. They are unlikely to agree to a £6.5k hit if they think you and your ex have the affordability to keep up payments on some sort of loan, so it is your income which is the point they will be considering.

Talk to them asap, tell them the whole story. Your reluctance to extend another loan is immaterial I am afraid, you will have to do what you have to do to sell the house.

x-no-archive: yes

don't the mortgage charges have priority, before agent legal fees etc? it's a bit pointless having a secured charge, otherwise.

i would ask the estate agent how he/she figured all items would be cleared.. it's their job to get the best price for your house, right?

In message , Bedders writes

Um, how often is the estate agent party to the seller's financial position? I've come across people saying they need as much as possible because they want to buy the same sized property in Kensington, but that doesn't their reasons for selling don't affect the value of the property (barring fire sale reductions)

I doubt that is what the OP was implying. I think he just did his own sums based on what the expected sale proceeds and various fees would be.

In message , Bedders writes

yes, I dont think that is in question.

Eh? Whats it got to do with them? Estate Agents dont get involved in that part of things.

Yes, bit what has that got to do with it?