BoI is the most business like of the lenders.
am I to be punished for my friends irresponsibility
It's even trickier when one wants to engage and the other refuses. You will find plenty of cases on askaboutmoney where borrowers have agreed a deal but their ex partner won't sign it.
One of the big problems lenders face is that some borrowers don't engage, and the lenders can't do anything.
If I were to ask the bank for interest only or a reduction in the interest rate
would they ask for a financial statement ?
One of the big problems lenders face is that some borrowers don't engage, and the lenders can't do anything.
That's clearly not true: though it is unnecessarily time consuming and no doubt costly, they can and do move to repossess.
What I meant was that they can't do anything to reschedule or restructure the mortgage.
is it usual for a bank to ask for 12 months bank statements
Hi new.
What I meant was that they can't do anything to reschedule or restructure the mortgage.
So that should read "They can't do anything other than issue legal proceedings."
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