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Alex J.
Alex J., Solicitor
Category: UK Bankruptcy Law
Satisfied Customers: 3584
Experience:  2 Years Insolvency Litigation
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i have a joint morgage with my father witch his name was only

Customer Question

i have a joint morgage with my father witch his name was only on the property to get morgage approved i can not afford the property any more if i give up the keys to bank will they take my fathers house if we go bankrupt ?
Submitted: 4 years ago.
Category: UK Bankruptcy Law
Expert:  Alex J. replied 4 years ago.
Hi

Thank you.

If you return the property the bank will pursue your father for the arrears if there are any. If there are no arrears then they will not pursue.

Is there likely to be a shortfall? I look forward to hearing from you.

Kind regards

AJ