Hi,
When it comes to a mortgage restructure, do the bank generally run a credit check? Or do they rely on the financial statement filled out? Im currently on interest only for six months, then to go back on regular payments of capital and interest but am in arrears of 6000 which i hope to capitalise as i dont have any ability to pay the arrears in a lump sum.
Obviously the fact im already in arrears means my credit history is shot at the moment but i also restructured 2 small personal loans which id fallen behind on due to making any mortgage payments during a hard time and am worried this will go against a restructure. The bank is Haven. Thanks
When it comes to a mortgage restructure, do the bank generally run a credit check? Or do they rely on the financial statement filled out? Im currently on interest only for six months, then to go back on regular payments of capital and interest but am in arrears of 6000 which i hope to capitalise as i dont have any ability to pay the arrears in a lump sum.
Obviously the fact im already in arrears means my credit history is shot at the moment but i also restructured 2 small personal loans which id fallen behind on due to making any mortgage payments during a hard time and am worried this will go against a restructure. The bank is Haven. Thanks