Landlords Alliance – Emergency Euro Elections Statement21:09 PM, 21st May 2019
About 2 days ago 65
I have 2 properties both in negative equity to the tune of about £30K each on interest only mortgages. They are tenanted and mortgage payments have always been paid.
The mortgage term ends this summer and cannot be extended. I have no assets at all having lost everything in the credit crunch and cannot see any way out of this other than be the mortgage company repossessing.
Does anyone have any advice either on a creative way out of this, or on what happens when BTL properties are repossessed?
Please Log-In OR Become a member to reply to comments or subscribe to new comment notifications.
Our mission is to facilitate the sharing of best practice amongst UK landlords, tenants and letting agentsLearn More