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Moratorium on mortgage

BlackEdelweiss · 2012-06-30 16:54:55

I might have a job in New Zealand and would move the whole family down there if I get it. We own our house and owe more than it is worth. We don't want to sell at a loss and rental would not cover the mortgage. Would the bank allow us to have a moratorium on our mortgage for a few years with the view to selling it in a few…

30-06-2012 4:54pm

#1

BlackEdelweiss

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I might have a job in New Zealand and would move the whole family down there if I get it. We own our house and owe more than it is worth. We don't want to sell at a loss and rental would not cover the mortgage. Would the bank allow us to have a moratorium on our mortgage for a few years with the view to selling it in a few years when things pick up a bit.

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#2 30-06-2012 8:13pm

Rebel1977

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Best bet is to fill in the form in the Bank called the MARP as its called and see what they say

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