would you have to pay it off

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pnn

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Post by pnn » Wed Apr 11, 2007 7:03 am
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if you have a together mortage with northern rock .and sell your house and rent would you be able to take this unsecured loan with you or would you have to pay it off
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MelanieGiles

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Post by MelanieGiles » Wed Apr 11, 2007 9:14 am
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No pnn - the unsecured element would stay with you and you would need to take steps to repay the remaining debt.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http://melaniegiles.blogs.iva.co.uk
Regards, Melanie Giles, Insolvency Practitioner
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Oliver

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Post by Oliver » Wed Apr 11, 2007 10:11 am
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It is only the secured part of the together mortgage that has a charge on the property so this will be paid with the funds from the house sale leaving the unsecured part as a seperate debt.



Best Regards
Oliver

Thomas Charles and Co Ltd.
Experts in personal debt solutions.
Read customer feedback at: www.thomascharles.com/about_us.asp
Best Regards
Oliver
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