dear T/Mc farty
sorry to hear of your plight but you are not alone to the sum of 100's of thousands like you-and it will get worse. the housing market is being held up by low rates and banks forebearance-the reasons banks are not re possessing as in the past is because they know the negative effect it will have- causing a quicker crash of house prices and they are left with unsold decreasing value homes-
I say 'quicker' crash because it ( crash) is coming and all efforts are strained to allow a slow reduction in prices of homes- employment and wages cannot support current UK house prices but NO govt wants to be at the helm when /if a sudden crash developes
BLAME?? anger/ frustration well if it helps most of our (my!) financial decisions have backfired- if only etc etc
Most of us as you and many did would have taken the 100% mortgage- as many took the 125% mortgage- this of course was when it all started going wrong-such 'deals'?? did not allow for much if any change in circumstances when things started to go wrong- when house prices were simply guessed at- but always higher guesses! and money was thrown at the unsuspecting-
Finaly - do not believe the big lie that no one saw the financial crash coming-it was writ large for all to see and written by those in the financial world who were doing very nicely at our expense by the evr increasing lending - wait for it- of our money back to us!!
These times will pass but not until there is abig sort out of the public and private debt problems.
I wish you well- hold tight and remeber anger will only hurt you as it has done me!!