Good afternoon all,
I wondered if anyone in the UK had defaulted on a French mortgage? If so could you let me know what has happened so far.
I have a mortgage with SocGen and like many people find myself with a property in enourmous negative equity. I am currently considering defaulting on the mortgage so that the property is repossed. I am sure the bank would chase for repayment but it is not 100% clear if they would be successful.
Kind regards, Neil.