Handing keys back to mortgage co

[The Debt Star]

Re: Handing keys back to mortgage co

To be avoided Caspar.

[Caspar]

Re: Handing keys back to mortgage co

I did try to stress that at the top of my post. All I was saying is that it is possible.

[ben13]

Re: Handing keys back to mortgage co

Thats not the route I want to take Caspar but thanks lol

I want to get GE to pull their heads out their arses n look at what would be the est way to deal with the situation rather than just giving their stock answer to anything they feel might help someone other than themsleves

[shell]

Re: Handing keys back to mortgage co

Rent it out, don't tell the bank, get a letting agent and let them do all the work.

It also means that in a couple of years when the economy picks up along with the housing market you might be able to sell with a bit of profit.

As long as your mortgage is being paid the bank should keep their noses out of your business.

[ben13]

Re: Handing keys back to mortgage co

hi shell,
the problem is if the interest rate goes up by 0.5% mortgage doubles n noone will pay that much for rent

[Animal]

Re: Handing keys back to mortgage co

...and don't forget to ask GE for their underwriting sheet which explains exactly how much commission was paid to your broker who set this up and you were not (probably) advised about. - NOT your broker fee, but the hidden broker fee they paid in addition to the broker behind your back...that may have been substantial, and the Underwriting Sheet, according to the Information Commissioners who regulated the Data Protection Act under which you apply for your SAR, has confirmed that the Undersriting sheet IS a document you can ask for and they MUST supply under the Subject Access request.

Once you have that and you have found out if a hidden (secret ) Commission has been paid and your terms & conditions have not shown this - it's game on! Prove this and you might not need to sell!

Is this documented anywhere on the Info Commissioners site or in any official document?