We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

Debate House Prices


In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

Would you help your neighbour thats being Repossesed

tirano
tirano Posts: 111 Forumite
in Debate House Prices & the Economy
Apparently one in five Britons would be happy to lend a desperate neighbour £1,000 to prevent them being repossessed

http://www.timesonline.co.uk/tol/money/property_and_mortgages/article5599944.ece
«13456

Comments

  • Snooze
    Snooze Posts: 2,041 Forumite
    1,000 Posts Combo Breaker
    tirano wrote: »
    Apparently one in five Britons would be happy to lend a desperate neighbour £1,000 to prevent them being repossessed

    http://www.timesonline.co.uk/tol/money/property_and_mortgages/article5599944.ece

    LOL. Well I'm one of the 4/5 that wouldn't. If they can't manage their finances properly then that's their headache not mine. :rolleyes:

    Rob

    PS. Cue the "vulture" posts.
  • Rick62
    Rick62 Posts: 989 Forumite
    Like £1000 is going to make any difference.
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • beecher
    beecher Posts: 2,497 Forumite
    I wouldn't either and I very much doubt that many of the 1 in 5 would when push came to shove. If it was for family or a close friend that'd be a different thing.
  • Robert_Sterling_3
    Robert_Sterling_3 Posts: 7,112 Forumite
    Its a grand idea.;)
    ...............................I have put my clock back....... Kcolc ym
  • skap7309
    skap7309 Posts: 874 Forumite
    tirano wrote: »
    Apparently one in five Britons would be happy to lend a desperate neighbour £1,000 to prevent them being repossessed

    I do not believe that for a second, sorry. Everyone is struggling and half the population either do not know their neighbors names or they do not get on with them. I guarantee that whilst there are some kind hearted folk they only said yes to be morally correct.
  • lynnexxxo
    lynnexxxo Posts: 1,213 Forumite
    The 1 in 5 that would do it probably just don't want their house price to plummet when next doors house gets sold at auction for next to nothing.
  • DKLS
    DKLS Posts: 13,461 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    I barely know my neighbours and certainly wouldnt give any of them a grand of my hard earned.
  • skap7309
    skap7309 Posts: 874 Forumite
    Rick62 wrote: »
    Like £1000 is going to make any difference.


    Exactly. Also if they cannot keep up with payments when do you seriously expect to see the money again? They then get repossessed and move to the other side of the country to be with relatives etc.

    Bye-bye £1000. :rotfl:;):rolleyes:
  • tirano
    tirano Posts: 111 Forumite
    Thats 8 out of 8 saying no, it makes you wonder why these prats come up with these surveys.
  • wymondham
    wymondham Posts: 6,356 Forumite
    Part of the Furniture 1,000 Posts Photogenic Mortgage-free Glee!
    One off payments don't stop the problem though do they ..... they'd need it each month to make a difference... how many would do that??
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 354.2K Banking & Borrowing
  • 254.3K Reduce Debt & Boost Income
  • 455.3K Spending & Discounts
  • 247.2K Work, Benefits & Business
  • 603.8K Mortgages, Homes & Bills
  • 178.4K Life & Family
  • 261.3K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture