Response to HALIFAX - unusual problem...

If you have equity in your second property, then the first lender will be most definitely interested in this. If the first lender got a judgement against you for the shortfall on the first property, then they could, if they so desired, have a charging order put on your second property, as this is an asset. That would mean when you came to sell your second property, the second lender would get their money first, the first lender gets their money next and you get whatever's left.

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