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Front page story in local rag re: house reposession.
tomstickland
Posts: 19,538 Forumite
http://www.thisisgloucestershire.co.uk/displayNode.jsp?nodeId=138943&command=displayContent&sourceNode=138769&contentPK=13568945&folderPk=80412
Sob story on front page of early editions today. I saw it in the newsagents.
Few odd things. They have a mortgage of around £94K yet monthly payments are £981. Income is almost £2K per month, yet they couldn't keep up.
Sob story on front page of early editions today. I saw it in the newsagents.
Few odd things. They have a mortgage of around £94K yet monthly payments are £981. Income is almost £2K per month, yet they couldn't keep up.
Happy chappy
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Comments
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I wonder if they have put a lot of stuff on credit cards - new furniture and tvs etc and then taken out a "helpful" loan from the "nice people " who advertise on tv?"This site is addictive!"
Wooligan 2 squares for smoky - 3 squares for HTA
Preemie hats - 2.0 -
The mort interest rate is 12+%!!!! About double most SVR's suggests they had previous BAD credit problem.
Also interesting that the council believed they made themselves deliberatley homeless because the figure they saw suggested they could repay the [grossly inflated] mortgage repayments.
Not a normal "fallen on hard times" type of case IMO.0 -
Oh yes, I wasn't suggesting that this was a typical case.Happy chappy0
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