Should I pay off my unsecured loan?
Hello everyone, I plug a house with someone for two and a half years, we have a mortgage for £ 87,500 and an unsecured loan of £ 10,000 (with Northern Rock was, and they make you take unsecured loans the mortgage), we then split about two years ago and I still live in the house, I moved with my parents again and soon we were to sell the house we bought I went to Dixons ask them how much it would cost, she said, would we take a loan of £ 10 000 each to cover attorneys’ fees and half of unsecured loans each. My boss told me I do not have to pay an unsecured loan, if I home I keep only go if I want and only pay each month to sell as normal. Does anyone know does not it? I do not really trust the woman to Dixons, it seems that people see that the number and money ….
At least in america…..
since the loan is unsecured it does not have a lien on the home like your mortgage does. therefore it would not have to be paid at the time of the sale of your home.