ptsb sold my performing buy to let to Mars

[Skelly100]

I find myself in this group.
Just been notified by Ptsb that they are selling it to Mars in the next two to six months.
I have a buy to let, interest only, tracker, no arrears and 7 years left on the term.
It's a hangover from my divorce.
Mortgage is in both our names.
I would happily sell. Though I think it fall short by about 60k.
No cooperation from my ex.
Wondering what to do.

 

[Brendan Burgess]

Why do you want to do anything?

What rent are you getting?
What mortgage interest are you paying?

I assume it's profitable, so keep it while it is profitable.

Mars is more likely to do a deal with you than ptsb. Having said that, if you are paying the mortgage and you have other assets, they are unlikely to do a deal.



Brendan