No its about even with 10 years left.You need to relax a bit. You make a huge number of assumptions to arrive at your wife losing the tracker.
Is the rented house in negative equity?
What does the mortgage contract say about a change from ppr to being rented? A number of banks have left homes rented out on the original trackers.
How the air up there on that high horse?Just so we’re clear, the issue here is that people who’ve been hoodwinking the banks are now worried that....
Just so we’re clear, the issue here is that people who’ve been hoodwinking the banks are now worried that they won’t benefit from any forbearance. Incredible. Fair enough, allow these people the cashflow benefit, but the banks should be able to take any money owed when the property is sold.
I’m in exactly the same boat. My biggest concern is that they will back date the increased rate as the apartment has been rented out for a number of years.
I think the fear is, if these posters have to now ask the bank for a 3 month payment break because they're not receiving rent on a PDH mortgage, the bank will start asking questions.How would the bank know unless you tell them?
I think the fear is, if these posters have to now ask the bank for a 3 month payment break because they're not receiving rent on a PDH mortgage, the bank will start asking questions.
Rang my Bank 6/7 years ago now and asked could we rent house out on Tracker. Yes no problem. Can I get that in writing please just so i have confirmation etc. slight hesitation but ok no problem letter arrived in post a few days later. Ask all they can do is say no. Maybe record the call just in case no letter is forthcoming
As has been stated on these threads before, this can depend on your contract.Hi , what bank was this ?
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