Trapped in negative equityMake Text Bigger
I bought a flat in Glasgow in 2005 valued at over £200,000, I bought off plan for £154,350. after cash back and fees added the mortgage is £172,998. The estimated value of the flat is £50,000.
The mortgage company TMB has been taken over and the mortgage offer expires on 26/8/15, they do not provide buy to let mortgage.
What course of action would you recommend.
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