We have been working all those years to pay back the mortgage to the Bank. All rents have been paid to this Bank over more than 20 years+.  The business relationship has a 50 years history. Whith a  average & fair correct interest rate we would have had no problem at all but this was not good enough for the Bank.

 

Actually this house has been allocated as our pension for my retired ex-wife and of course myself. But I did plan to move to Thailand and this should be my income (pension).  If I would rent the premises of Lab Electronics there would have been no problem what so ever (Showroom and Officespace plus a Garage for 4 cars). And of course the Rents from tenants.

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We are talking today of interest rates below 1% and this would have given a very comfortable cushion.

 

The Bank then in my worst period of Life being in a hospital with a forced eviction asap.  We will look open the books of this Bank in detail in the next couple of months. To profe this. With the help of some top and some top notch lawyers and they will handle the case. In Switzerland the attorneys do not touch this kind of mandates for obv. reasons.

 

The mover Mr. R. Allenspach will get some firm letters in the next couple of weeks for sure.

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R 8. March 2018