I have no choice but to consider BR after a failed business venture which has left me with £150K in PG's. I also have to the tune of £120K on personal borrowing, am a homeowner which has roughly £50K of equity. I'm married with 1 child and my wife has just returned to full time work. I'm no longer working but need to get a job.
I'm doing everything I can to save our home as there is a large sentimental value rather than the bricks and mortar but seem to be losing this battle.
Made the mistake of asking friends for advice rather than experts so any help can be appreciated!
have you ever remortgaged the home and used the funds to support your business?
If you have I would suggest you call the helpline for further guidance once they know the full details of your case as losing your home is far from inevitable in such a scenario.
BR after a failed business venture
Posted - 18 November 2008 : 17:30:07
