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A bank in Cyprus has offered me compensation (thorough a third party) on a Swiss currency mortgage loan (due to miss-selling). The bank has 2 offers on the table: 1. a larger reduction in the amount owing if I pay off the mortgage in full, and 2. A smaller reduction if I continue with the loan. However the latter will leave me with approximately £14K more than the original loan amount i.e a negative equity of £14k created by the bank. Can they do this to those who can't pay off the mortgage in full?
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