benaj
Member of DD Central
Posts: 4,930
Likes: 1,613
|
Post by benaj on Feb 19, 2020 22:46:06 GMT
A loan is in default when it is
|
|
registerme
Member of DD Central
Posts: 6,255
Likes: 6,061
|
Post by registerme on Feb 19, 2020 23:29:14 GMT
You can't really say because it's invariably down to the terms of the contract. But.... on this matter my view and platforms' views rarely align.
|
|
ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 10,927
Likes: 11,153
|
Post by ilmoro on Feb 19, 2020 23:37:58 GMT
180 days past any payment due for a property loan is the official definition in the FCA handbook but as RM says going to be down to terms of contract, covenants & platform policy on their response.
|
|
benaj
Member of DD Central
Posts: 4,930
Likes: 1,613
|
Post by benaj on Feb 19, 2020 23:55:46 GMT
Kuflink's Default Definition really?
I want to know about your expectation, not individual platform definition.
|
|