Real Estate / Swiss Francs Mortgages in Poland [71]

I have 3 properties purchased in 2007. All with CHF mortgages. All rented but now moved from £600 to £1200 cash negative each month.

Now facing an issue in that they are £100k negative equity due to the dramatic change in the CHF SNB policy on rates this week so don't feel I can get out as I don't have these funds. But I cannot continue as cash outgoing needed to keep it going have also risen by 30% and I was struggling already with the monthly payments.

Feeling really stuck so wondered if anyone has been through the same situation or had resolved it. Any practical experience would be much appreciated.

Real Estate / Foreign investor, properties in Poland, walk away from mortgages? [209]

How did this work out in the end mglaze ?

I am in the same situation. 3 properties purchased in 2007. All with CHF mortgages. All rented but now £1200 cash negative each month.

Now facing an issue in that they are £100k negative equity due to the dramatic change in the CHF SNB policy on rates this week so don't feel I can get out as I don't have these funds. But I cannot continue as cash outgoing needed to keep it going have also risen by 30% and I was struggling already with the monthly payments.

Feeling really stuck so wondered if you were in the same situation or had resolved it. If the latter any pointers or advice from your practicle experience would be much appreciated.