I rang them as above and they told us each time they didn't have the staff available, asked us to ring back at certain times, which we did and then got told the same thing. I then requested they call us when they had the time, haven't received any calls. I then wrote to them detailing the above attempts to make contact, got no response to that. They tried to take the payment this month, it wasn't there, still no contact. Any advice on what to do next?
The County Registrar urged everyone to try and reach a sustainable agreement with their lender and was generous with adjourning. She said she was aware that the Banks were swamped - but that the borrowers had to do their utmost to deal with them, however hard that was. She was equally clear that some people could not hope to retain their properties and should consider alternatives.
And how does one do their utmost to deal with a bank who refuses to deal with them?
, but reality will come knocking.
.................That reality will really hit the fan where property prices continue to rise. I believe the banks have been engaged in a waiting game. They may appear to be holding off, accommodating, ignoring etc. But once the property is equal to the loan, the arrears, the interest, the penalties the gloves will be off, particularly in relation to buy to lets.
My advise to anyone doing a deal, in writing only, actually everything in writing.
Where debt is being written off, make sure it's being written off forever. It's no good relying on being 'told' they won't pursue it. They will and they will lie.
Don't believe they won't evict a family. Not where there is equity and inability to repay.
Don't throw good money after bad. If you're broke, you've thrown the redundancy and the savings at it, but are getting no where, then hold onto your cash.
Be realistic, you might be better off going bankrupt.
This is not my first recession, banks are not charities, they will get their pounds worth. No matter what.
Don't believe all the nonsense in the papers about Tom, Dick or Sally getting a great deal. Those are few and far between and will have a very particular reason behind them. It will not happen to most people.
Be realistic, you might be better off going bankrupt.
This is not my first recession, banks are not charities, they will get their pounds worth. No matter what.
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