mortgage
Posted: 14 Apr 2020 09:54
Hi Louise
My husband and I took out Swiss franc mortgage 2005 and was not advised etc but we did it and even though monthly payment doubled we tried to always pay sometimes late but we paid then a personal problem happened 18 mths ago and bank gave us six mths grace still not able to pay the cost of the mortgage and could not rent it out due to problem in the property this is now sorted out and could now rent it out and also have a an offer of mortgage in uk
They originally offered 25% reduction on huge bill bearing in mind we have paid out all these years so already paid for the property if the original terms met we still could not get the amount they required and could not rent out to cover so had no option to not pay I have been in contact with them to try and sort out paying off an agreement I am looking for what they offered 12 mths ago but told to legal team now what does this mean is the loan still accumulating and does this mean they will not negotiate now ?
My husband and I took out Swiss franc mortgage 2005 and was not advised etc but we did it and even though monthly payment doubled we tried to always pay sometimes late but we paid then a personal problem happened 18 mths ago and bank gave us six mths grace still not able to pay the cost of the mortgage and could not rent it out due to problem in the property this is now sorted out and could now rent it out and also have a an offer of mortgage in uk
They originally offered 25% reduction on huge bill bearing in mind we have paid out all these years so already paid for the property if the original terms met we still could not get the amount they required and could not rent out to cover so had no option to not pay I have been in contact with them to try and sort out paying off an agreement I am looking for what they offered 12 mths ago but told to legal team now what does this mean is the loan still accumulating and does this mean they will not negotiate now ?