p800aul wrote:Maybe I'm just thick but there seems more to this story than the Daily Mail is letting on (it must be trure I read it in .....)
"The bank is using a European Enforcement Order (EEO) to take control of the Chattertons’ three-bedroom home near Chippenham, where they have lived for 20 years."
"The Halifax holds the mortgage on the cottage, which stands at £250,000"
Now the mortgage is either interest only or they have borrowed against the house before. If it's interest only and they haven’t taken a second mortgage, then 20 years ago they paid over the odds for a property now worth only £250,000.
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