Received letter this morning. Buy To Let tracker (1.1%) sold. One missed payment i.e. €600.00
As it's a Buy to Let, they might appoint a Receiver
Did you pay the 600 yesterday? How much is the rent and how much are the monthly mortgage repayments.
The reason for the arrears was a problematic tenant in the property who wasn't paying and who eventually left. The lender was informed that no tenant was in place however I continued paying full P&I each month.So you’ve more than double rent to mortgage yet you’ve not paid your mortgage. You’re clearly not managing the rental income correctly and directing the money elsewhere. Hope to goodness this doesn’t mean you’ve let tax on it slide as well. What is the value to loan amount. You should do the money makeover thread.
The reason for the arrears was a problematic tenant in the property who wasn't paying and who eventually left. The lender was informed that no tenant was in place however I continued paying full P&I each month.
No TAX issues however over a small sum of money I stand to lose a lot. My own stupidly . . .
David Hall says this is untrue and that thousands (thousands???) of people have contracted him. And he says PTSB are lying.
I am aware of at least two individuals who've had their loans sold with no arrears owing.
Hi Brendan,
Yes, there was a history of arrears i.e. have failed to clear off the €600.00 after numerous promises.
I take full blame.
Will I loose my tracker with Start?
Patrick,I missed the payment about 6mths ago.
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