We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Stuck in negative equity
Comments
-
Wickedkitten wrote: »Hang on, if you have a 50% share, how do you figure you get 90k?
Right in their handbook it says when it is time to sell, then you have to repay the assistance , so if they gave you 50% of the total and you sell it for 95k, then they get 47,000 not 5,000, which leaves you with the other 47k and in negative equity.
That's exactly what I thought, you only get your percentage back off the sale. So if there's a loss on the sale your more than likely going to be in negative equity. That's what I was confused by, thanks!0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.7K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.1K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards