Can My Father-in-Law Make Me Bankrupt?

houses

Question Jon, My father-in-law gave me a loan of £10,000 as a deposit on a property 5 years ago. He is now saying he wants to be paid back, and if I do not pay him back, he will force the sale of the property to get his money. I am unsure what to do? […]

What is Negative Equity?

Negative equity, or it is sometimes referred to as being “upside down”, is where an asset’s value depreciates, or goes down in value, and becomes worth less than the balance of the loan that may be against the asset. Here are two (2) examples: You buy a property for £150,000, and have a 10% deposit, […]