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Negative Equity caused by early repayment penalty. HELP!
Comments
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What do you mean repayment insurance?
http://www.moneysavingexpert.com/mortgages/payment-protection-insurance0 -
I'm not sure repayment insurance (or MPPI or PHI) would be relevant here if their income has just decreased due to market conditions or if they overestimated their income. If they were made redundant or missed work long term due to accident or illness then a claim could possibly be made on this type of policy.0
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