Laiki Bank mortgage

michaellowe · Post by **michaellowe** » 22 Mar 2013 23:16

How do we stand with our mortgage with Laiki Bank if they go bankrupt ?

Post by **Nigel Howarth** » 23 Mar 2013 06:34

michaellowe wrote:How do we stand with our mortgage with Laiki Bank if they go bankrupt ?

If the bank does go bankrupt, a company will be appointed to liquidate the banks assets - and will still want repayment of the loan.

Regards,

Pantheman · Post by **Pantheman** » 23 Mar 2013 15:21

michaellowe wrote:How do we stand with our mortgage with Laiki Bank if they go bankrupt ?

you just continue to pay it to someone else. The mortgage will be sold, albeit at a loss to the bank, but you will have a new lender wanting his monthly repayments. The new lender however, cannot change the original mortgage agreement.
HTH

Janner · Post by **Janner** » 24 Mar 2013 08:13

As ever, the real question always comes back to the developer loan secured against the land on which your house sits!

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Laiki Bank mortgage

Laiki Bank mortgage

Re: Laiki Bank mortgage

Re: Laiki Bank mortgage

Re: Laiki Bank mortgage