Collapsing Banks Question.

Lets say you have a £100k mortgage and £50k savings with the same bank. The bank goes bust and this time the Chancellor doesn’t step in to save the day. What is your financial position? Have your savings evaporated (lets put the bank guarantee scheme aside for the moment) but your loan stays solid? Or do you owe £50k to whatever bank picks up the pieces? Anyone got an idea?

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