A
Akk
Guest
Hi,
1 year ago I went to my bank to get a loan in order for me to be able to sell my house as I had an offer of 450K but my mortgage was 505K. the bank turned me down even though I had a high paid job and I was willling to repay the debt over 5 years.
The house sale fell through and now the neg equity is over 100K.
Do I have any comeback with the bank. My mortgage is on interest only and has been for 3 years...I have recently split from my partner and the house is rented but it does not cover the mortgage and my fear is when interest rates rise I am really in a bad way especially as I have a tracker mortgage.
Any advice would help...
1 year ago I went to my bank to get a loan in order for me to be able to sell my house as I had an offer of 450K but my mortgage was 505K. the bank turned me down even though I had a high paid job and I was willling to repay the debt over 5 years.
The house sale fell through and now the neg equity is over 100K.
Do I have any comeback with the bank. My mortgage is on interest only and has been for 3 years...I have recently split from my partner and the house is rented but it does not cover the mortgage and my fear is when interest rates rise I am really in a bad way especially as I have a tracker mortgage.
Any advice would help...