Hi, Bank appointed receivers without court order. They want to take my rental income, and sell my properties etc. I have my own buyer with mortgage offer. They are threatening me with injunction. I wish to apply for injunction tomorrow, asking for time, such as 6 months, during which time I will keep paying the mortgage as best as I can.
This was a five yr renewable mortgage, but bank refused renewing in Dec 2012. Forced me to sign temporary contract, which hiked rate from 2.25% to a default rate of 7.5%, which is unaffordable.
I know there is a class action case with Bank of Ireland going now.
Bank was negotiating with me until late august. Then September, made sudden demand of full payment, which is not practical. I have buyer for property, with mortgage offer in principle, but they are ignoring it.
3 properties involved, with 1 account no. I have not received a notice of demand or anything.