AH and negative equity

I'm thinking of selling my AH bought 3 years ago for 145,000 market value at the time was 185,000, thats 21.6% clawback.

I'm really worried that I won't even get 145 for the house, if i dont will the clawback still apply?

Would the Council swap the mortgage to another house of same value?

You owe the Council nothing if it sells for €145k or less. You take the hit on the neg equity yourself.

My mortgage at the mo is 130,000 so if I got that much I'd be happy. Was'nt sure if clawback only applies where you make a profit. thanks.

I'm doing the same thing. From 245 'market' which was obviously ludicrous at the time to looking for maybe 140, maybe.

AH: don't do it.