Nicetoknow
Registered User
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If UB announce they are pulling out, any ideas how long the sale deal would take? Would we know within a couple of months do you think?
The reason I ask is that if our loan gets sold to a Vulture fund we'll be throwing everything at it (money that would have been going into pension) to get our balance down. If we can't switch I want less debt at a high SVR. If one of the high street banks buys the loan...I'll be happier to stick with my current plan of small overpayment on mortgage plus pension.
If UB announce they are pulling out, any ideas how long the sale deal would take? Would we know within a couple of months do you think?
The reason I ask is that if our loan gets sold to a Vulture fund we'll be throwing everything at it (money that would have been going into pension) to get our balance down. If we can't switch I want less debt at a high SVR. If one of the high street banks buys the loan...I'll be happier to stick with my current plan of small overpayment on mortgage plus pension.
If UB announce they are pulling out, any ideas how long the sale deal would take? Would we know within a couple of months do you think?
Is your loan non-performing as things stand?
i.e. why wouldn’t you be able to switch it?
Yes, they're selling the book why wouldn't they.Do you think UB would allow a customer to fix now for 10years?
Do you think UB would allow a customer to fix now for 10years?
This would be my thoughts on it at the moment. It will be months until there is any clarity on what might happen to your mortgage. But I'm a bystander, I don't have a mortgage with UB.My own thoughts are to wait and see what happens and take action then if it’s something I don’t like.
This would be my thoughts on it at the moment. It will be months until there is any clarity on what might happen to your mortgage. But I'm a bystander, I don't have a mortgage with UB.
In terms of overpaying, a number of lenders will allow you to shorten the term without incurring a break fee. But it's a contractual change to the term.
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