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.