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Negative equity. £200k mortgage on a house now worth £150k. To move, first find £50k.
by oldcynic 8y ago
Negative equity. £200k mortgage on a house now worth £150k. To move, first find £50k.
- scotty79 8y agoYou can just leave the house empty without selling it. You just need to pay taxes and mortgage but not utilities for your empty house.
- oldcynic 8y agoThat can work for some. Paying a mortgage and rent on the new location, along with 2 sets of taxes gets expensive real quick. Some utilities have standing charges/line rental too.