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Northern Rock 100% mortgage/Negative Equity, needing to move on, advice please.
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michelle26 wrote: »I think we are going to put the flat up for sale soon and take the shortfall with us. Then once the fixed term is up, get a personal loan for the unsecured part and get rid of it over 5 years instead of the 25 remaining with Northern Rock.
Will you get an unsecured loan for £14k or so? A question to consider.
I would use your remaining time in the flat to reduce the unsecured loan element as much as you can.
Otherwise you will be lumbered with a very expensive debt to repay for a number of years.0
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