I have also posted in legal and chat but someone suggested that I try here too.
A very long and complicated story but DP has a property abroad (UAE) and we desperately need some legal advice about repayments and possibly having to default on the mortgage.
He has been in touch with the bank over there and so has his company on his behalf (a major international company based in the UAE) but the bank are so unhelpful and unreasonable. They basically told him that if he misses a payment then there will be an arrest warrant the next time he sets foot in the UAE and they will also chase him through the courts over here in the UK. He has tried to renegotiate the mortgage repayments and the mortgage term to what we can afford but they just flatly refuse to negotiate at all! They are simply demanding the full payments every month which we will no longer be able to afford in a few months time. We could afford about a third of what they are demanding each month and have offered to extend the term from 15 years to 25 years in order to pay the full amount owing but they say no. We cannot sell as unfortunately it is in quite a lot of negative equity (approx 100k) It was brought off plan 4 years ago and since then, the recession etc, it has lost shedloads of value.
We don't know where to turn and it is making us sick with worry. I have called a few solicitors here in the UK for advice but no-one seems to have the expertise to help us. I've spent hours googling for advice and spoken to Citizens Advice but not been able to find out anything useful. No lawyers in the UAE are willing to help as none of them want to go against the banks (banks are Government owned) and are a law unto themselves.
Can anyone point me in the right direction for some help with this please? I am so scared DP will end up facing the UAE courts or we will have to sell our house. It all feels like such a mess. I just need someone to give us sound legal advice on this but I don't know where to turn.
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Legal advice regarding a property in the UAE – desperate please help
16 replies
PoptartPoptart · 27/03/2013 19:39
OP posts:
babybarrister ·
10/04/2013 20:52
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