Should have listened to the bears.... My story

abaxas

Arcaine wrote: »

This is a wind up right?

If it isnt, I'd give it 20 seconds before the rule of law breaks and the country turns to anarchy.

Twinny99

Arcaine wrote: »

This is a wind up right?

Hopefully :rolleyes:

skap7309

Arcaine wrote: »

This is a wind up right?

Even if it is i guarantee it has already happened - and will again.

Does anyone remember a few years back about the couple who had £100,000 worth of loans written off because they decided Lloyds had lent them too much? Nothing to do with the fact THEY were in charge of their own money and wasnt exactly being held to ransom to take it?

chucky

Thrugelmir wrote: »

Wasn't Morgan Stanley dishing out the money as well?

Though never heard of an amount this high.

So must be a sizable mortgage. :rolleyes:

i've heard this story a couple of times now and both were mortgage express customers on their magical 0.34% BOE trackers.

it does make business sense for the lender - get a customer off such a low rate and push them somewhere else. that £40k could be a cheaper alternative!!

Arcaine

skap7309 wrote: »

Even if it is i guarantee it has already happened - and will again.

Does anyone remember a few years back about the couple who had £100,000 worth of loans written off because they decided Lloyds had lent them too much? Nothing to do with the fact THEY were in charge of their own money and wasnt exactly being held to ransom to take it?

I know this has happened and I am sure there will be some winners out of this total fiasco, its more the shameless brag post I am objecting to. I am sure there are many people struggling in poverty through no fault of their own. I just hope he/she may prove to be a decent human being and maybe give a little of that windfall to charity, after all from what they posted they seem to have everything else.

skap7309

Arcaine wrote: »

I know this has happened and I am sure there will be some winners out of this total fiasco, its more the shameless brag post I am objecting to. I am sure there are many people struggling in poverty through no fault of their own. I just hope he/she may prove to be a decent human being and maybe give a little of that windfall to charity, after all from what they posted they seem to have everything else.

Judging by the 'look at me aint i clever to have been reckless with money' attitude and the spend, spend, spend life of Riley they portray whilst others around them were suggesting saving.....i wouldn't hold your breath.

Pete111

The OP got lucky here. Fair play.

I understand why he is pleased to 'share' his news but would hope what he has really learned here is that he was actually very fortunate not to be homeless.

Can't say his one instance of (substantial) good fortune makes me want to go out and spend like an idiot though....but hey, that's just me.

chucknorris

chucky wrote: »

i've heard this story a couple of times now and both were mortgage express customers on their magical 0.34% BOE trackers.

it does make business sense for the lender - get a customer off such a low rate and push them somewhere else. that £40k could be a cheaper alternative!!

The thing is chucky how big would his mortgage have to be, to be offered that 40k? I hardly think he is in a good position, would you buy an expensive house NOW at summer 2007 pricing levels for only 40k compensation? At best it sounds like an escape from disaster rather than a windfall to me.

Wookster

chucknorris wrote: »

At best it sounds like an escape from disaster rather than a windfall to me.

You mean temporary reprieve maybe?

chucknorris

Wookster wrote: »

You mean temporary reprieve maybe?

Thats why I said 'at best'