02 Apr 2013 1:51 PM:
Hi. I wonder if anybody can guide us? our daughter purchased a house with her husband, to help them get the mortgage we had to stand guarantor, now the marriage has split up, they have both gone back to different parts of England and do not want anything to do with the house, the bank in now teling us we must pay the mortgage, we have since retired and do not have an income, we do have property and the bank says they will sell our daughters house and any shortfall will come to us, will they put an embargo on our house? and if so do we have to sell our house to pay the embargo immeadiately or will the embargo just stay there until we eventually sell up. any help/advise would be much appreciated
John
Thread:
Embargo on our house info please
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