Is my / your money safe???
20 October 2008, 05:22 PM
#1
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Is my / your money safe???
Quick question as its not been made clear from what I've read elsewhere...
If you have a mortgage and savings with the same building society or bank, and they collapse, am I likely to loose my savings as they could offset the mortgage debt??
cheers
Paul
If you have a mortgage and savings with the same building society or bank, and they collapse, am I likely to loose my savings as they could offset the mortgage debt??
cheers
Paul
20 October 2008, 08:10 PM
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If a bank goes bust:-
You can lose most/some of your savings - £50k guaranteed.
You never lose you debt. There will always be someone to pay.
You can lose most/some of your savings - £50k guaranteed.
You never lose you debt. There will always be someone to pay.
20 October 2008, 08:27 PM
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Your savings can be taken an used to pay part of your mortgage debt off.
Be warned: if your lender goes bust, it could take your savings with it too | Money | The Observer
Nik.
Be warned: if your lender goes bust, it could take your savings with it too | Money | The Observer
Nik.
20 October 2008, 08:35 PM
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Your savings can be taken an used to pay part of your mortgage debt off.
Be warned: if your lender goes bust, it could take your savings with it too | Money | The Observer
Nik.
Be warned: if your lender goes bust, it could take your savings with it too | Money | The Observer
Nik.
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