Hi All
Currently negotiation with UB to extend interest only on buy to let properties. What I want to know is, if Im not successful in reaching a reasonable deal with UB, what are the next steps the bank to take. I never missed out on any payments on previous agreements and all my payments are up to date. The outstanding amount owed on properties is about 80% of the properties value. If the bank was to repossess how long would it take or how long would it take for bank to appoint a reciever. Also are there companies that can negotiate a deal for me
Many thanks
Currently negotiation with UB to extend interest only on buy to let properties. What I want to know is, if Im not successful in reaching a reasonable deal with UB, what are the next steps the bank to take. I never missed out on any payments on previous agreements and all my payments are up to date. The outstanding amount owed on properties is about 80% of the properties value. If the bank was to repossess how long would it take or how long would it take for bank to appoint a reciever. Also are there companies that can negotiate a deal for me
Many thanks