No, you'll risk them repossessing it as house value is more than mortgage.
My point was the buyer fund didn't get the discount you're imagining. Your mortgage is in a portfolio of 'good' loans. Ok, the margin isn't brilliant, but it's the norm in other countries. And they've a 10 year history of you paying this, even through a crisis. They know you're good for it.
Its a good investment. The fund that bought it have valued it at least 97% of it's value.
Where did you get that figure from?
Firstly, Pepper didn't buy your mortgage. A Barclays fund did.Agreed 97% of value would strike me as a poor deal even on performing mortgages like mine.
I would have expected Pepper would pay 70-80% of value.
tired of being the most evil foul member of society according to gov and the press
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