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I need to move but have negative equity
bebobob
Posts: 9 Forumite
Hi, I put this in the Mortgage forum too, but i'm looking for some advice. My job is relocating, forcing me to move house but my finances are in a mess. I am in a DMP so have several defaults from 2009 on my credit file. Plus I am in negative equity because of a First Plus loan I stupidly took out leaving. Which means I have around 10k more owing on the house than it's worth. I am not looking to upsize and have a decent income c38k.
Wondered if anyone has had similar experiences or any advice?
Cheers.
Wondered if anyone has had similar experiences or any advice?
Cheers.
0
Comments
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you could always look in to letting your current property out, and renting somewhere closer to your new work place? is this a possibility?TOTAL AT START £13606.90 27/03/2018
TOTAL CURRENT £13445.90 29/03/20180 -
That is a possibility. What worries me is being able to pay rent, mortgage etc if I can't find a tenant. Maybe that's because of a lack of experience in letting a house.0
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