I find myself in a challenging situation. During the pandemic, I borrowed £185,000 secured against my property. To provide some clarity, I received two payments totaling £153,355.30:
1. £148,224.08 on 1st December 2022
2. £5,131.22 on 26th December 2022
Since then, I have paid over £45,000 in interest, which includes both the retained amount and my monthly payments of £1,600 (I have made 14 payments to date).
Now, two years later, my lender is demanding £325,000—far exceeding what I originally borrowed. The current value of my property is approximately £360,000, but I’m struggling to meet this obligation.
I urgently need your support to avoid losing my home. My salary alone is not sufficient at this time, and my business is still recovering. If you can help in any way, I would be immensely grateful. Thank you for considering my plea for assistance. I secured on property to save the business. To cut the long story short, everything isn’t going as fast as expected. But I am confident with assistance I will get there sooner. At the moment what is giving me sleepless night is the fear of loosing the house. Please help. I have been given 6 weeks. At the moment I think, its far less than a week left.
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