Just to be clear, MARP is a process. You can't be refused participation in the process.I have been refused MARP
If (& when) the house is repossessed, does anybody know what happens to the Judgement Mortgages?
If you are in huge negative equity, but the new owner of the mortgage is in positive equity, you might be able to do a deal. You will lose the house but you may end up with some cash instead of negative equity.
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