If you lost ownership via MTR ... you are still in the house. So if it was due to losing your tracker,which I doubt, it can be reversed
As I say, there is no evidence of this. And that certainly is not evidence.I think that Banks' in many instances waited until property prices increased and then deemed mortgages unsustainable if interest and principal were not being paid due to high rates of svr. This happened to myself, our tracker mortgage on our former home which became a buy to let when we moved out of Dublin.
As I say, there is no evidence of this. And that certainly is not evidence.
The number of repossession proceedings started has fallen dramatically as house prices have risen.
You had an investment property. You were in arrears on it. And the bank encouraged you to sell it after 5 years of interest only!
Take two customers denied a tracker and in arrears c 2012.That wasn't and isn't really a factor in their decision - contrary to public opinion.
This thread is about family homes.My guess is that the customer with positive equity would have been much more likely to sell the asset and walk away. Particularly for BTLs.