Hi,
I'm hoping someone can advise on this letter I just received. I have posted here before and received great advise which has been much appreciated. I just received a letter from KBC letting me know they are selling my mortgage loan. I went bankrupt in 2014 and the loan was also part of the tracker enquiry. They acknowledged my bankruptcy in the letter but say the loan account will remain in place until the loan has been repaid in full due to it being secured against the property. They have made no effort to sell the property and its still sitting there completely falling apart. I did offer to buy it back a couple of years ago and they let me have an engineers report and valuation done on the property and then just said they were leaving it on hold and didn't engage any further. My question after the long essay is, is this correct that I'm still named on the loan and they can transfer my data onto the buyer of the loan.
Thanks in advance.
I'm hoping someone can advise on this letter I just received. I have posted here before and received great advise which has been much appreciated. I just received a letter from KBC letting me know they are selling my mortgage loan. I went bankrupt in 2014 and the loan was also part of the tracker enquiry. They acknowledged my bankruptcy in the letter but say the loan account will remain in place until the loan has been repaid in full due to it being secured against the property. They have made no effort to sell the property and its still sitting there completely falling apart. I did offer to buy it back a couple of years ago and they let me have an engineers report and valuation done on the property and then just said they were leaving it on hold and didn't engage any further. My question after the long essay is, is this correct that I'm still named on the loan and they can transfer my data onto the buyer of the loan.
Thanks in advance.