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100% mortgage

polly-marshall
polly-marshall Posts: 1 Newbie
in Mortgages & endowments
Hi

I have a 100% mortgage with Birmingham and midshire and I would like to sell but, I have an unsecured loan on top of my secured mortgage and I know with the market the way it is I wont make enough on my flat to pay off the loan as well as the mortgage. Do I have to pay them both off or can I still pay the loan even once the flat is sold? I am living with my husband so I wont be buying another house so I have no mortgage to move the debt over to that

Please help

Comments

  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    No you don't have to pay the unsecured loan off when you sell the property.

    The mortgage which is a secured loan, does for obvious reasons.
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