Hi,
I'm wondering if anyone can give some advice or feedback on an issue that has cropped up our bank KBC.
We have a tracker mortgage of 0.75 above ecb. KBC have agreed to let us sell our house and to transfer the tracker on to our new house.
Our issue is that we have sold our house with a negative equity of 60,000.
If we have to rent while we are sorting out buying a new house we have to pay the bank on the negative equity only ie the 60,000.
We were told today the repayments in that case would be 2,000 euro per month! This is twice the amount we pay at the moment.
Can anyone explain or understand how they came up with this figure?
We'd really appreciate any advice. Thanks!
I'm wondering if anyone can give some advice or feedback on an issue that has cropped up our bank KBC.
We have a tracker mortgage of 0.75 above ecb. KBC have agreed to let us sell our house and to transfer the tracker on to our new house.
Our issue is that we have sold our house with a negative equity of 60,000.
If we have to rent while we are sorting out buying a new house we have to pay the bank on the negative equity only ie the 60,000.
We were told today the repayments in that case would be 2,000 euro per month! This is twice the amount we pay at the moment.
Can anyone explain or understand how they came up with this figure?
We'd really appreciate any advice. Thanks!