J
JJT
Guest
Folks, Have a tracker Buy-to-let mortgage with BOI for about six years. Paid capital plus interest for year 1. Then interest only on ECB plus 1% for next 5 years. No problems at all. All payments on schedule. Now they are blankly refusing to give me another five years on interest only. Wont even consider that.
Am planning write to tell them ( very politely of course !) to go to hell that I will continue to pay interest only in current straightened circumstances, regardless of what they think may be appropriate. I will send those interest cheques monthly.
Suppose they can only bring me to court and try to force a sale of the property ? This is very good property, but is in negative equity although it is rented long term.
Anybody got similar experiences ? Love to hear about them and learn what I can from you. Thanks, Concerned in Westport.
Am planning write to tell them ( very politely of course !) to go to hell that I will continue to pay interest only in current straightened circumstances, regardless of what they think may be appropriate. I will send those interest cheques monthly.
Suppose they can only bring me to court and try to force a sale of the property ? This is very good property, but is in negative equity although it is rented long term.
Anybody got similar experiences ? Love to hear about them and learn what I can from you. Thanks, Concerned in Westport.