For 34,000 mortgage loans, the public sale of their home threatens! All people who have ended up on the so-called “black list” of the National Bank of Belgium.
Are there no more solutions for these people? Maybe not for everyone, but there are solutions. You just have to know. We list a few:
Talk to your bank to clear up mortgage loan arrears
If you have 3 monthly installments, your bank must register you negatively at the Central Individual Credit Register . Also known as the ” black list ” of the National Bank of Belgium. This way, every other bank knows that you are behind.
If you do not clear the backlog, your bank will be able to start legal proceedings. You can best avoid this by talking to your bank as soon as possible to clear the backlog. Sometimes you can clear the backlog and keep your home with an additional payment per month.
Eliminate the mortgage loan with the help of family or friends
If the bank does not allow you to make additional payments, you can still ask family or friends whether they can help you. They may be able to give you money to clear the backlog of your mortgage loan in one go.
Please note, this is of course a delicate matter. Make good agreements about this. Because you are actually going to take on a new debt . You also have to repay this money. So think carefully.
Credit advice from a specialized credit broker
If you do not have these options, you should make an appointment as soon as possible with a specialized credit intermediary in mortgage loans.
Some lenders such as Loan and Credit can still help you under certain conditions. These 3 questions are certainly addressed:
- How did you end up in this situation?
- What is your income and is this sufficient to repay your new mortgage loan?
- What is the value of your home? In free sale and in public sale?
You will have to pay a higher interest rate because your situation currently poses a greater risk than a mortgage loan for the purchase of a first home.
Sell your property yourself at the highest price
If the credit intermediary in mortgage loans has not found a solution for you, then sell your property yourself at the highest possible price.
This sounds loud. But it is your last resort not to end up in a hopeless situation. The mortgage loan will still have to be repaid and collective debt mediation is not always the solution!
If you sell the property yourself, you get a better price for it than in public sale. For example, you might be able to repay the mortgage loan directly to the bank. You lose this home but after a few years you can start a new life with a clean slate in another home. Are you on the “black list” of the National Bank of Belgium?
Then contact us immediately. We put you in touch with a specialized mortgage credit broker to find a solution. Do it today and remember, you are not alone!