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Bank goes bust scenario...
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ammonite
Posts: 1,429 Forumite
Just a hypothetical question really. Sorry if it is an obvious answer, but I do not know the answer so it can't be that obvious!
What would happen if the Bank my mortgage was arranged with went bust? Who would I pay the mortgage to for the next 20 years?
What would happen if the Bank my mortgage was arranged with went bust? Who would I pay the mortgage to for the next 20 years?
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If a major bank went bust and the government didn't rescue it there would be far more to worry about than paying your mortgage or not. Like whether people would be paid, whether local authorities could function, benefits paid......I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.0
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