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The Cyprus Problems
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PaulDonn
Posts: 41 Forumite
Hi everyone, firstly i am not sure if this is in the right place so admin, please feel free to move it if you wish.
Just wanted peoples thoughts on what would happen in the Bank of Cyprus collapsed, went bankrupt etc etc..
I have a mortgage with them on property i own in Cyprus and watching this one closely.
Thanks,
Just wanted peoples thoughts on what would happen in the Bank of Cyprus collapsed, went bankrupt etc etc..
I have a mortgage with them on property i own in Cyprus and watching this one closely.
Thanks,
0
Comments
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In the normal course of events, the assets of the bank would be bought by another institution. You would simply become a borrower of another lender if it happened here.I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0
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