Repossessed - 06 Jan 2009, 22:35 on BBC One

Officer_Dibble

CougarJo wrote: »

Don't get me wrong - I'm not being critical of these families. It really is sad that they are in this situation. I'm not that hard-hearted!!

Well, I'm being critical, certainly of Alun the mortgage advisor. Not only did he help get himself and his families into that mess, but he will probably have made very nice commission off other people getting themselves into similar messes. If Mr Self-confessed-thug had gone to him 2 years ago for a remortgage, do you think Alun would have spoken some sense to him about the risks of over borrowing, or filled out a self-cert application form using whatever numbers were needed to get the mortgage through?

bo_drinker

Officer_Dibble wrote: »

Well, I'm being critical, certainly of Alun the mortgage advisor. Not only did he help get himself and his families into that mess, but he will probably have made very nice commission off other people getting themselves into similar messes. If Mr Self-confessed-thug had gone to him 2 years ago for a remortgage, do you think Alun would have spoken some sense to him about the risks of over borrowing, or filled out a self-cert application form using whatever numbers were needed to get the mortgage through?

Spot on, somebody should have asked him how dodgy it got when things were *good* shall we say.

PasturesNew

It's amazing they needed to MEW £110ks worth when you see the results on Homes Under the Hammer for just £10-30k... they churn out palaces in 1-2 months from a proper wreck.

confused31_2

chewmylegoff wrote: »

that repo guy is loving it.

I know ive never seen anyone grin has much at someones misfortune, he even said im really busy, you could see, he was thinking im going to have a good year this year.

Im surprised no one give him a slap, the way he was gloating.

confused

bo_drinker

PasturesNew wrote: »

It's amazing they needed to MEW £110ks worth when you see the results on Homes Under the Hammer for just £10-30k... they churn out palaces in 1-2 months from a proper wreck.

Yes but you are forgetting holidays and cars and the weeks he wasn't working and her Gym membership (Oh no) and fat kids hi lights....... the list goes on. Motocross bike in garden, that eats money, and the MX clobber and her Gym club (Oh no). You get my drift. :rotfl:

missk_ensington

Ive just watched this and didnt feel remotely sorry for that bald bloke who got repossessed, he has a wife at home, he could have taken a bar job, pot wash at a resturant/hotel..., not just take the attitude 'Ive been outpriced at the car auction this week, oh well thats no money this week' I would have found a way to make money!

Also that financial advsior guy, although my heart really went out to them, I was really hoping they'd pull through, but at the back of my mind I was thinkign 'youre a mortgage broker, you are not ignorant to how it all works, you should have known better!' if I was him Id have gone and done my CeFa and become a financial advisor, although no one is buying mortgage products, surely there must be loads of people needing financial advice/debt advice in these hard times?

And did you see the fancy plasma caller ID screen in that womans house when the number was rining withheld?! Its that type of obsession over buying "stuff" that we dont need that had caused this. I have a bog standard TV that I bought 4 years ago for £180, we dont have playstations, my son doesnt have expensive video game consoles, we have a Cd player bought years ago for Christmas costing about £40... we just dont have "stuff" that we dont need, and despite having just started my own business and only having tax credits etc of about £900 a month to live off at the moment, Im managing just fine. We arent having many luxuries but Im meeting my mortgage/loan/credit card repayments, so if I can manage as a single parent, why cant these people manage with two able bodied adults?? With 7 kids and little income that family must have been raking in hundreds a month just in tax credits and child benefit!

Cannon_Fodder

Officer_Dibble wrote: »

I am enjoying the chap with his 11% mortgage thanks to his adverse credit history....who somehow managed to qualify as a mortgage advisor. I bet his clients are impressed!

Can some of our resident Mortgage Brokers enlighten me as to the rules for financial competence required of the industry?

(iirc, bankers used to have to avoid getting into debt, is that the case with mortgages?)

Can bet he didn't own up to his own financial mess before trying to dish out "independent advice" as to how other people should indebt themselves...

...if a Mortgage Broker said to me, "oh, my own mortgage is 11% because of poor credit history", the door would have slammed behind me, before he had finished calculating his commission.

Does anyone use/know Total Finance? Are they the dregs of the industry?

poppy10_2

Courtesy of HPC, the cheerful repo guy:


"I'm in ur house, changing ur locks"

confused31_2

Them telephones with the id are as cheap as chips, the financial advisor was a complete idiot, he had a bad credit rating beofore thats why the only mortgage they offered him was 11%, he should have said no to that mortgage if he was any kind of financial advsor.

Fair play to the family where the bloke went out trying to get the money,through doing a couple of jobs, but the other two could have gone out and got different jobs, but theres no way it would have covered their mortgage payments.

I felt sorry for the first family and a bit towards the last, but the financial advisor i have no sympathy for has he should have and could see what mess he was getting them into.

confused

evans17

missk_ensington wrote: »

And did you see the fancy plasma caller ID screen in that womans house when the number was rining withheld?!

It was an Amstrad email telephone that you can pick up on ebay for about £20.