I will post figures in the next few days when we have up to date figures.
Did you ask the bank about being able to sell?
Ask them to give it to you in writing .
.
I don't agree with this. Banks will not write this down. So my advice to Glic is to put it on the market and tell the bank how much. In all likelyhood the bank will accept it, particularly I think this year as they seem to be getting a bit more realistic. After the sale he'll just have to see what they say about the shortfall. One step at a time would be the approach. I believe from his conversation the bank wants him to make the move on the sale. Better a mutually agreeable solution. And for better for Glic to start sorting it out for himself if the bank lets him.
Glib to reassure you, I've been reliable informed that banks are allowing some sales and then literally ignoring the shortfalls (where the debtor has't got the income).
I don't agree with this. Banks will not write this down. So my advice to Glic is to put it on the market and tell the bank how much. In all likelyhood the bank will accept it, particularly I think this year as they seem to be getting a bit more realistic. After the sale he'll just have to see what they say about the shortfall. One step at a time would be the approach. I believe from his conversation the bank wants him to make the move on the sale. Better a mutually agreeable solution. And for better for Glic to start sorting it out for himself if the bank lets him.
Glib to reassure you, I've been reliable informed that banks are allowing some sales and then literally ignoring the shortfalls (where the debtor has't got the income).
Can I ask you Bronte why you think the banks are getting more realistic?, its my opinion they are up-ing their game and not taking such a sympathetic approach. .
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