Here goes,
Over the past 5 years I have been I have been working with my bank to continue paying mortgages on my investment properties, I am on tracker rates and have been paying a little princapal plus interest each month. The follow advice would be appreciated.
1. When I was sold the mortgages 10 years ago I was lead to believe I could continue to extend interest only indefinitely. I feel I was misold these mortgages ( I originally took mortgages with first active and they are now with UB)
2. If the banks are to repossess my propertys how long does it take, if I decide not to hand them back voluntary, can the whole thing be dragged out
3. How long does it take for bank to appoint a receiver
4. Can anyone recommend a solicitor who deals with these issues in case I have to go to court to fight my case
Many thanks for any advice given
Over the past 5 years I have been I have been working with my bank to continue paying mortgages on my investment properties, I am on tracker rates and have been paying a little princapal plus interest each month. The follow advice would be appreciated.
1. When I was sold the mortgages 10 years ago I was lead to believe I could continue to extend interest only indefinitely. I feel I was misold these mortgages ( I originally took mortgages with first active and they are now with UB)
2. If the banks are to repossess my propertys how long does it take, if I decide not to hand them back voluntary, can the whole thing be dragged out
3. How long does it take for bank to appoint a receiver
4. Can anyone recommend a solicitor who deals with these issues in case I have to go to court to fight my case
Many thanks for any advice given
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