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Budget- Government selling mortgage assets


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Does not affect me, but just wondered what it means to people if the government sell off the mortgage assets they bought from Northern Rock. Does this mean that some with a NR mortgage will at some point be asked to pay a different company ? If they are in arrears, could they be faced with a new company who take a much stronger position on dealing with the arrears ?

 

I think the government have sold off mortgage assets previously. Were there any problems the last time this happened ?

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