if mortgage provider goes belly up - should i be worried

[ignorant]

I am sure this is a very ignorant question but .... if my mortgage provider goes bust how will this impact me?  I have already received the funds, used it to pay for my flat so am thinking that if the mortgage company goes bust I end up not having to pay back the rest of the mortgage (... ok that last bit is a day dream)

short sharp straightening out of flawed logic is welcome

[still pay]

On assumption flat is in your name you just keep paying, who ends up with the cash may vary.

Your mortgage is an asset on the books of the bank, it would likely get sold on by liquidators (if it hasn't been sold already) and proceeds to pay creditors.

[lets put it this way]

If I owed you money and you became bankrupt, do you think you would still want your money back?

The bondholders will do everything they can to recover all the assets even if that means taking you to court to recover their cash.....