C
cozzy
Guest
I have a buy to let mortgage which was rented out until start of summer. I previously had filled in income and expenditure forms with a lower income than I actually have in order to obtain interest only on mortgage. However this mortgage has gone into arrears as I had no tenants over the summer months. I did manage to pay something off the mortgage during this time. I now hope to get new tenants in but i still cant afford the full mortgage and need interest only again.
I have now received a standard financial statement from the bank which I now need to fill in. Do I tell the truth now about my income or risk them thinking I can pay the full amount if they look back at other income and expenditure form when in reality I still can't...
I have now received a standard financial statement from the bank which I now need to fill in. Do I tell the truth now about my income or risk them thinking I can pay the full amount if they look back at other income and expenditure form when in reality I still can't...