Hi ... it's probably a straightforward yes/no answer, but just in case I'm missing anything before I sit down with a UB mortgage adviser.
If I clear what I owe UB when selling my apartment - even though the apartment has lost value since I bought it in 2005 - am I still considered negative equity? Just wondering if I buy somewhere new, will my old (tracker) mortgage have any overlap with any new mortage conditions or provider, or is it like starting a new ... albeit pricier ... slate?
Some guidance would be very much appreciated!
If I clear what I owe UB when selling my apartment - even though the apartment has lost value since I bought it in 2005 - am I still considered negative equity? Just wondering if I buy somewhere new, will my old (tracker) mortgage have any overlap with any new mortage conditions or provider, or is it like starting a new ... albeit pricier ... slate?
Some guidance would be very much appreciated!