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Hi Folks,

 

I know that a loan under seal is 12 years (20 for us in ecosse). If your house is reposessed and you have a secure loan on it. Does that secured loan then become unsecured to the 6 year rule ( 5 for us) or does it remain a loan under seal?

 

 

As always any help appreciated,

 

Ida x

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it was a secured loan not a mortgage

 

ida x

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do you mean the same applies to the loan that would a mortgage?

 

ida x

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