KBC split mortgage offer
Option 1 - Split mortgage 60/40
So round 130K at 4.5% interest, monthly repayments around €650
Leaving around 85K parked for the remaining 35 years.
Option 2 - Interest rate fixed @ .5% for 5 years
Banker says around € 820 to € 850 per month
Guarantor has to provide salary slips and and fill out a financial summary. I've advised that this should be not much higher than the level of income allowed by the insolvency service in case the bank wants the guarantor to subsidise the mortgage. Find it odd the bank is not calling in the loan, they have never ever hinted they might do so.
Any danger to the guarnator in filling out the details.
A few years ago the guarantor who was unemployed wanted the borrower to default and hand back the keys. This would have broken the never ending financial link between them,
Why would that have broken the link? The bank would pursue both the borrower and the guarantor. Unless the guarantor had planned to go bankrupt?
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