Mortgage Arrears and mislead bank advice

reminder

Hi,

Due to financial difficulties I moved back with my parents with my kids. I decided to rent my house and as I am in work
would make up the shortfall. Not renting would mean I could not afford the payments.
I have kept in constant contact with my bank thorughout all of this. 6 months ago as my tenants were getting ready to leave
I was discussing my situation on the telephone with my bank. I said that I wanted to sell the house but would need a
reduced monthly payment. They agreed to this and over the phone they said that this reduced payment would last as long as
long as it took to sell the house.

Recently I had a vist from the bank advisor who as nice as he was said that I was now in arrears and technically they could
force a repossession. I explained that I would put it back up for rent.
He would put forward these recommendations to the
bank.

I understand that the banks ultimatley will get their money back but the arrears where accrued cos of the bank telling me
the reduced rate would be effective until house sold.

Is there anything I can do to clear those arrears? I also need the time to rent (which I would have continued to do had the
reduced rate not be granted), without the banks hassling me due to their verbal mistake which led to the arrears and a
bank's 'trigger point'.

Many thanks in advance

Jane

Thrugelmir

Sounds as if their offer was made on the basis of you selling the property. Whereas you have and continue to wish to rent it out.

To clear the arrears sell the property.

nomoneytoday

I thought that temporary measures were for 6 months, and then you need to call again and renegotiate?