swiss franc any updates

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swiss franc any updates

Post by Evace1331 »

Hi there

Just wondering if anyone has any updates on the swiss franc travesty . I have searched archives but there does not seem to be any up to date posts .
We somehow have managed to survive and keep the property it has killed us financially to do this and we have had help from family members . By rights given what we have already paid it should now be paid off . I feel sick when | have to think about it but that is what we have to do .
Ours is with BOC and we have only ever been offered max 20% to settle and 10% to restructure . I have a few questions
1. any details of recent deals with BOC to restructure
2. if its advisable to use a 3rd party law frim to negotiate
3. if it is felt the current pandemic crisis would make the make more reasonable with their discount offers
4. a few people have told us to stop paying when we are trying to get a deal , is this a good move ?

thanks is advance for any advice and support
Nigel Howarth
Site Admin
Posts: 2558
Joined: 24 Oct 2007 14:38
Location: Erimi, Limassol, Cyprus

Re: swiss franc any updates

Post by Nigel Howarth »

Hi Evace1331 and welcome to the forum.

I've had no news recently on progress with BoC restructuring loans.

Yes - it is a good idea to get a firm to negotiate on your behalf as they will be acting on behalf of hundreds of people with CHF loans. You should only stop paying if the firm advises you to do so.

I'll send you a PM with the names of a couple of firms who can help.

Nigel Howarth
Independent information & advice for Cyprus property buyers
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