Fighting Repossession: Tonight with Trevor McDonald Monday 8pm

Kez100

This really is a case of 'move along please, nothing to see here'.

I so feel for those innocents who are losing out. So much they could report on but they pick a non-event.

Broken_hearted

How many of us really are innocent though we all overspend at times.

Kez100

Broken_hearted wrote: »

How many of us really are innocent though we all overspend at times.

Don't tar people with your own brush.

I think you will find there are thousands of pensioners who did not overspend and are now losing out big time to low interest rates. People with good savings and no debt are, by definition, not overspenders.

Of course, their story doesn't attract dramatic headlines, but there is more of a sympathetic story there than in any of these particular chancers lives.

Broken_hearted

Kez100 wrote: »

I think you will find there are thousands of pensioners who did not overspend and are now losing out big time to low interest rates. People with good savings and no debt are, by definition, not overspenders.

Of course, their story doesn't attract dramatic headlines, but there is more of a sympathetic story there than in any of these particular chancers lives.

Nor do those who arn't struggling, the idea that every pensioner is sitting in the cold with no heating or money for food is another media myth.

ethansmum

Sorry but what is 'MEWing' ??

Thanks

PasturesNew

ethansmum wrote: »

Sorry but what is 'MEWing' ??

Thanks

It's when a house owner sits in the corner of their living room making little whining noises that they want more stuff ....

.... which then becomes a full MEW.

Mortgage Equity Withdrawal: When people remortgage the house to buy more stuff. Increase the mortgage, pay off debts, buy a holiday, love the feel of £2k cash in their hand, buy a 2nd property (maybe a BTL)... etc.

Many people have MEW'd every time their fixed term mortgage ended (2-3-5 years) rolling up all their debt in it, refitting the kitchen/bathroom, building an extension ... then finally having a great cruise because they've earnt it.

PasturesNew

Broken_hearted wrote: »

How many of us really are innocent though we all overspend at times.

I don't overspend. You might, some might ... but "we all" don't.

ethansmum

Thanks Pasturesnew- sadly I know far too many of those types- living far beyond their means.

SingleSue

I have just watched the programme.

The one who had the laptop and was complaining about the size of his temp accomodation - Hmmm, he should be happy that he has a roof over his head, I know we were.

The one who paid £10k in 1980 - Where did it all go, without mewing his mortgage would have been paid off in the last few years.

The ones where the husband tried to commit suicide - I do have some sympathy with them, they hit hard times when he lost his job.

The one who made an agreement to pay back the difference - Eeeekkk, that has scared the blooming life out of me! As I was listening to his story, I could feel a shiver go down my back as we came to an agreement to pay a proportion of the difference although we paid it as a lump sum. Our debt was smaller but our agreed payment was larger....still gives me the heeby jeebies though!

I am sitting here all a shake now at the thought (especially now as hard times are hitting the banks) that they could now come chasing for the difference between what we have paid and what the original shortfall was plus interest although there are several differences in the cases (he paid instalments, we paid a lump sum).....not sure I will sleep tonight.

[Deleted User]

I couldnt help noticing the second family playing Monopoly, how ironic.