BBC 1 'Repossesed - Upsetting To Say The Least!

dunstonh

Ok, watched it to the end now and it's interesting how the programme swings a bit.

Early on you think its going anti-bank but it starts to paint husband in couple 1 in a bad light. His swearing and threatening behaviour to council, blame everyone else attitude starts to get on your nerves. He comes across as a nasty piece of work. The judge was right in his opinion of him. Ironically, he said he would only get a mortgage again if he could buy a council house in the future and get another discount. Yet he was swearing about no council houses being available.

Couple 2, the mortgage adviser, put himself in that position. It is indicated that he was doing the role through the last house price crash. So, should have known better. He was charging massive fees to people in similar positions to himself and the industry will not miss him. He is the sort of adviser that has given mortgage advisers a bad name.

Couple 3, didnt seem to blame anyone but did fail to identify their problems. They put it down to not having good credit before they started but going from borrowing of £40k to £150k using mutiple lenders and sub prime at the end was their real problem. The typical credit cycle. Borrow too much, use the mortgage to make it affordable but then borrow again instead of learning your lesson. Keep doing that until the bubble bursts. He didnt blame the lender though and out of the three you felt they were just a naive couple who ended up in that situation because they didnt know better and there was no-one there to tell them no. Ironically, they were the only one of the three not to lose their house. He came across as working as hard as he could to get the money.

At no point were any bailiffs shown to be anything other than professional and courteous. One was a bit jolly but appeared a little nervous at the same time. A jolly baliff when you are being repossessed is not really what you want to see but it wasn't in front of them.

casper_uk

The only couple i felt any sympathy for was the one that ended up in a caravan and that ended when he started swearing and blaming other people! The other two only have them self to blame, buying their council house for £40k and ending up £150k in debt! they have no right to moan! The other couple, Jesus Christ a mortgage advisor and he signed him self up to an 11% mortgage! Feel real sorry for his clients...

Pobby

harryhound wrote: »

Over in what used to be called the "nutters" section, now known as "doom & gloom", this topic has been reviewed with the attention to detail that would be expected:
http://forums.moneysavingexpert.com/showthread.html?t=1396271

Nutters section????

MrDT

Pobby wrote: »

Nutters section????

I took that as a compliment

harryhound

That was 18 months ago - It is nice to be a "nutter", especially when you are right.

But where are we going next?

Pobby

harryhound wrote: »

That was 18 months ago - It is nice to be a "nutter", especially when you are right.

But where are we going next?

Ah now. I think during the "nutter" period it was pretty plain what was going to happen. Now as for the future, that`s perhaps not so clear.

JayScottGreenspan

Pretty uncomfortable viewing. Three tragedies, if you like.

But lets not have a go at bailiffs.
Without bailiffs there'd be no mainstream credit. Without mainstream credit you'd just have a lot of loan sharks and a big poverty trap.

lilac_lady

The programme was uncomfortable to watch, not because of the stupidity of the parents who lived beyond their means, but because of the children involved.
The parents all wanted to give their children things like toys, game consoles and their own bedroom but failed to give them what children really need - security.

RobertoMoir

lilac_lady wrote: »

The programme was uncomfortable to watch, not because of the stupidity of the parents who lived beyond their means, but because of the children involved.
The parents all wanted to give their children things like toys, game consoles and their own bedroom but failed to give them what children really need - security.

I think Lilac Lady has just won this thread.

PasturesNew

Fliss_M wrote: »

I may be off the mark now, but it looked like his wife didnt work, there was never any mention of it. Why didnt she get a job

She said she has panic attacks and anxiety ... I'd be like that if I knew each night I'd have to get into bed with her fat oafish hubby to be honest.