Hi, recently got a letter from Bank saying that our mortgage has been sold to a vulture fund. We have our mortgage with the same bank for over 17 years.
We have no arrears whatsoever and our house is not in negative equity.
However we had to capitalise arrears after the crash in 2008 and got interest only during covid. That's the reason the bank said they sold our mortgage as it is non performing. Even though as I said there are no arrears on our mortgage and our property is not in negative equity
Can we sell the house while this transfer from the bank to the vulture fund is taking place?
Is there anything we can do to stop this sale from going ahead?
Thanks
We have no arrears whatsoever and our house is not in negative equity.
However we had to capitalise arrears after the crash in 2008 and got interest only during covid. That's the reason the bank said they sold our mortgage as it is non performing. Even though as I said there are no arrears on our mortgage and our property is not in negative equity
Can we sell the house while this transfer from the bank to the vulture fund is taking place?
Is there anything we can do to stop this sale from going ahead?
Thanks