Any mortgage experts on here

[GLENRED]

Any Phs no there stuff when it comes to mortgages I realy need some advice....

[mark69sheer]

a clue or do you need keep it private?

[G'kar]

Mortgages?

God no, they are barely mentioned.

[GLENRED]

bought too many buy to lets and need some sensible advice, and yes I know PH does not do sensible but any would do right now as things are getting real tight.

[mark69sheer]

If you want the bad answer then it's this. If you can't cover the mortgages you they will be repossesed. If they don't make the money you borrowed they can still chase you for the shortfall. You may be able to come to an agreement on reduced payments instead as the banks would realise that something in is better than selling at a loss. Fortunately for you interest is coming down so if your morgages track interest rates then your payments will be reducing.
I used bank loans instead of mortgages. That means now I am happy as I agreed to base rate plus 1.5% and some of my buy to lets are now worth hanging on to.

[pstruck]

scotal is your man. Sure he'll be along in a minute.

[Rude Girl]

pstruck said:

scotal is your man. Sure he'll be along in a minute.

[Legmaster]

Rude Girl said:

pstruck said:

scotal is your man. Sure he'll be along in a minute.

and a from me - top chap

[scratch pervert]

GLENRED said:

Any Phs no there stuff when it comes to mortgages I realy need some advice....

PM me if you like