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k3vinjam3s
Posts: 1 Newbie
New to forum after some advice.
In a fixed mortgage which still has a couple of years to run. It was with Bradford and bingly before they went bust. I can get out of the mortgage without an early repayment fee because if this. My current debt is around £97k and interest rate is over 6%. Obviously a new deal seems a good Idea but I bought it on a 100% mortgage and I reckon I'm in negative equity by between £5-10k. I have little money available to off set this so am I stuck in this mortgage?
In a fixed mortgage which still has a couple of years to run. It was with Bradford and bingly before they went bust. I can get out of the mortgage without an early repayment fee because if this. My current debt is around £97k and interest rate is over 6%. Obviously a new deal seems a good Idea but I bought it on a 100% mortgage and I reckon I'm in negative equity by between £5-10k. I have little money available to off set this so am I stuck in this mortgage?
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Comments
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If you are in negative equity you have no other lending options unless you can put in cash to get your lending down.I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
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