13 Feb 2016 3:46 PM:

I would like to hear from individuals in similar situations or those that might be able to offer some practical advice.

Used to have a mortgage with UCI. Was unable to keep up repayments. Was threatened with legal action for community fees by the Community. Had no choice but to allow Bank to sell the house below original market value, market was still very depressed when this occured. UCI only wrote down 11.5% off the mortgage. I am still left with a considerable "mortgage" to pay.

Have not paid anything for approx. 3 years as I am still unable to pay them due to family ilness etc.  
Bank attempted to make contact using a collecting debt agency approx 1 year ago. No legal action has taken place.
I get annual statements still showing there is a mortgage (plus mounting arrears).
Have no other assets.

Bankruptcy is not an option due to industry I work in.

Is anyone else in this situation and if so what have they done to get rid of this financial burden?

What are my choices - as I would like to eventually buy my own house in the future (UK) but would not be able to afford two sets of mortgage repayments? Ideally I would like UCI to consider writing down the mortgage further and then I might have the chance to pay toward them. Just not sure how approaching they would be on this matter. Wondering if anyone else thought of this approach and if they had any luck? Of course if I could find a legal solution to eliminate this debt, then this would be the ultimate wish!

Your thoughts and feedback are greatly appreciated!

Thread: UCI Mortgage Debt Dilemma

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