F
fred
Guest
Brendan,
I have 21 years left on an interest only .7% over ecb on 960k mortgage with BOS.payments up to date but havnt a hope of paying this off.I have 4 investment properties all on trackers worth 100k less than is owed on each,none of these mortgages are with BOS.My house is worth about 850k now and would like to do a deal with the bank whereby if house sold for 850k i could walk away with 250-300k,about a 35% write off,i would like your thoughts on this.
I have 21 years left on an interest only .7% over ecb on 960k mortgage with BOS.payments up to date but havnt a hope of paying this off.I have 4 investment properties all on trackers worth 100k less than is owed on each,none of these mortgages are with BOS.My house is worth about 850k now and would like to do a deal with the bank whereby if house sold for 850k i could walk away with 250-300k,about a 35% write off,i would like your thoughts on this.