Post by crabbyoldgit on May 30, 2024 7:23:18 GMT
Sorry B voted again , ok the 800k is covered , plus it's interest , plus auction fees , AC slice on both loans. Well that will not leave a lot out of 1100k . We get what's left the rest to be covered by sell of a buy to let which is a security, but.
1 I cannot see any buy to let security property listed in the docs for our top up loan.
2 We do not know of the security of tenure of the tenant
3 If this is the exit for us and a known shortfall is going to occur why have active moves not already started to realize this asset.
4 I have a bad feeling over this one, the snagging will not be covered by AC which makes me wonder if this is not a minor finnish issues or something major and expensive which the borrower cannot fund and may have to take of the sell price to complete.
1 I cannot see any buy to let security property listed in the docs for our top up loan.
2 We do not know of the security of tenure of the tenant
3 If this is the exit for us and a known shortfall is going to occur why have active moves not already started to realize this asset.
4 I have a bad feeling over this one, the snagging will not be covered by AC which makes me wonder if this is not a minor finnish issues or something major and expensive which the borrower cannot fund and may have to take of the sell price to complete.
