Negative Equity

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This situation occurs when a mortgage is greater than the actual value of the property. This can occur due to a decline in the value of the property after it is purchased.

For example, if the mortgage on the property is £300,000 but the value of the property is only £270,000 then a negative equity situation has occurred.

If you need any more information, then simply speak to an expert today.

Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.

There may be a fee charged for mortgage advice, the amount will depend on your circumstances we estimate this to be no more than £395.

The overall cost for comparison is 8.7% APR for customers who may have their access to credit restricted.