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 Existing mortgage whilst bankrupt
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poodle
Starting Member

49 Posts

Posted - 27 June 2009 :  13:27:15  Show Profile  Reply with Quote
Hi

My existing mortgage is on a fixed rate for 2 years. I'm hoping to buy back the beneficial interest and keep my property, but the fixed term with abbey expires whilst I will be bankrupt. Are Abbey likely to consider me for another fixed term or am I likely to end up stuck paying extortionate interest?

Niobe
Administrator



United Kingdom
4590 Posts

Posted - 27 June 2009 :  14:58:53  Show Profile  Reply with Quote
Not sure, but you may find that you will just end up on the normal variable rate.

The glimmer gets brighter all the time

Jan
xx
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mab
New Member



56 Posts

Posted - 29 June 2009 :  23:05:56  Show Profile  Visit mab's Homepage  Reply with Quote
Hi

I have my mortgage with Abbey as well! they told me that as long as there are no arrears on the account they would still be able to offer a new fixed rate deal!

I havent tried yet but it seems hopeful
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poodle
Starting Member

49 Posts

Posted - 29 June 2009 :  23:20:16  Show Profile  Reply with Quote
That sounds positive, I'd appreciate it if you let me know how you get on as I'd like to be forewarned!

Thanks for your help,

Poodle!
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