Lender forbearance becoming “a sick joke”

Generali

ILW wrote: »

I suppose it depends on whether you believe policy should try to influence behaviour.

I would like to see a situation where homebuyers take more responsibility for themselves, primarily by ensuring they have savings and/or insurance to cover a down period. Forebearance and MIL seem to positively discourage this type of behaviour.

I agree. I'd also like to see all banks being either mutuals or partnerships with unlimited liability. Same with insurance companies and providers of mutual investments.

Let company managers take real reaponsibility for their decisions: the ability to lose everything should concentrate minds on what is actually being risked. I doubt Kerviel would have been able to lose so much if the directors' houses were on the line.

wymondham

Agree 100% with Generali in this thread. Support for a few months max, any longer than that it becomes expected and relied upon and then becomes part of the problem.

Why should the tax payer fund someones private asset ?

The problem here is that governement seem to think a house purchase is 'special' and to be protected at all costs. Nonsense - a house purchase is the same as a car purchase/holiday etc.... they all NEED to be paid for or you can't have them!

In the scenario "I have a car on HP but can't now afford the payments" - would you expect the person in street to pay for it for you in their taxes? of course not!! It is the same as with a house, since it is a private purchase, and hence not a 'we need somewhere to live' argument, as they have chosen to keep their asset and not change their circumstances to something more manageable.

Repossession is a bit like having vultures - it's not nice, but it cleanses and is necessary in the grand scheme of things. Remove the vulture (repossession) and the rot just grows.

homelessskilledworker

ILW wrote: »

I suppose it depends on whether you believe policy should try to influence behaviour.

I would like to see a situation where homebuyers take more responsibility for themselves, primarily by ensuring they have savings and/or insurance to cover a down period. Forebearance and MIL seem to positively discourage this type of behaviour.

I would like to see that behaviour right across the board...

We now live in a culture where far too many people play the victim. I have personally witnessed a fat lazy woman who smoked and did nothing more physical than lift her TV remote constantly ponce off the state through illness and any other way she could get sympathy and handouts, where she claimed an insurance payout for falling on a wet floor at a supermarket for breaking a wrist, most fit able people would be able to just treat the stumble as a stumble.

You can load up with any form of debt and if you really decide that you do now want to pay it back, the law will help you as long as you get the story right.
Tax can be avoided if you are in a certain wage bracket, state housing not given to you above the needs of a working family person if you have not bred with the right amount of men who also have to be useless at anything in life except for that one minute fumble after TOWIE.

One of the biggest victims in the UK today are middle earners who take some kind of responsibility for their lives.

wymondham

homelessskilledworker wrote: »

I would like to see that behaviour right across the board...

We now live in a culture where far too many people play the victim. I have personally witnessed a fat lazy woman who smoked and did nothing more physical than lift her TV remote constantly ponce off the state through illness and any other way she could get sympathy and handouts, where she claimed an insurance payout for falling on a wet floor at a supermarket for breaking a wrist, most fit able people would be able to just treat the stumble as a stumble.

You can load up with any form of debt and if you really decide that you do now want to pay it back, the law will help you as long as you get the story right.
Tax can be avoided if you are in a certain wage bracket, state housing not given to you above the needs of a working family person if you have not bred with the right amount of men who also have to be useless at anything in life except for that one minute fumble after TOWIE.

One of the biggest victims in the UK today are middle earners who take some king of responsibility for their lives.

Agree, but the problem here is people do this because they CAN.... it's the system that's at fault for allowing this sort of thing, as well as now making paying for your home purchase seemingly just an option rather than a requirement!

homelessskilledworker

wymondham wrote: »

Agree, but the problem here is people do this because they CAN.... it's the system that's at fault for allowing this sort of thing, as well as now making paying for your home purchase seemingly just an option rather than a requirement!

It is the system/states fault, and deep down there is a part of me that understands why some people give into the darkside and hold out their little begging bowl who are then wrapped in cotton wool.
I can understand those that walk away from debt without a care in the world. I was just raised with differnet genes, I work out of pride and would probably still do so if I was a millionare or 75 years old, or both. I keep my weight down, I eat and drink sensibly and work hard on my health. The not paying of debts and to ponce of people/state when there is no need is just beyond me.

Yet the temptation of(more so in the past) to load up with as much debt as you can get your hands on, dig a little hole in the back garden and hide away as much as you can, go bankrupt for a year and away you go, easy money.

This country has somehow got to get the mentality in the heads of people from inner city dumps and even the better off that if you take responsibilty for your life, get up at 7am and do a 8 or 9 hr shift, pay your taxes that you are deserving of something nice in life.

We cannot keep living in a country where people smoke, eat crap, don't exercise their minds or body, refuse education(and there is bags of it out there) and then hold their pathetic needy little hand out for help with a better life than working people get.

DervProf

^

Nice to read some "common sense" posts from Generali, HSW, ILW and wymondham.

On a personal level, the text messages and phone calls I regularly get, telling me that I am due £x000 for PPI (which I`ve never had) or the accident that I had (but didn't) remind me of what a "something for nothing" culture we now live in.

I'm not totally against people being compensated for injustices, but it seems that we are slowly "brainwashing" certain sections of the population into thinking that the deserve something for nothing. It's also slightly annoying to see quite expensive vehicles parked outside the offices of accident claims companies, it's obvious that it's not only the "victims" who are benefiting from that trip or fall in the workplace.

kabayiri

Maybe we are mixing up home ownership with residence when looking for solutions?

IMO if the state makes active contribution to the repayments on a home, then after a short grace period the state should then be rewarded part ownership of that home. Any subsequent rise in the value of the home will then be shared partly with the state.

The issue of residence is a separate one.

homelessskilledworker

DervProf wrote: »

^

Nice to read some "common sense" posts from Generali, HSW, ILW and wymondham.

On a personal level, the text messages and phone calls I regularly get, telling me that I am due £x000 for PPI (which I`ve never had) or the accident that I had (but didn't) remind me of what a "something for nothing" culture we now live in.

I'm not totally against people being compensated for injustices, but it seems that we are slowly "brainwashing" certain sections of the population into thinking that the deserve something for nothing. It's also slightly annoying to see quite expensive vehicles parked outside the offices of accident claims companies, it's obvious that it's not only the "victims" who are benefiting from that trip or fall in the workplace.

A few months ago I had a pretty nasty accident where I put my back out, I went to the hospital and had to take a little time off work.
Somehow all and sundry got to hear about this accident, I was gettig texts and emails from lawyer scum said that I was could get thousands for this that and the other.

How did my accident happen...

Idiot ME got access to a control panel in a way that I should not have done, stupid ME then balanced on some steps how I should not have done, then silly ME lost my footing and fell back and wrong footed myself on some MIG cable that daft ME put there.

ME deserved what I got and sometimes sh*t happens.

ess0two

homelessskilledworker wrote: »

I would like to see that behaviour right across the board...

We now live in a culture where far too many people play the victim. I have personally witnessed a fat lazy woman who smoked and did nothing more physical than lift her TV remote constantly ponce off the state through illness and any other way she could get sympathy and handouts, where she claimed an insurance payout for falling on a wet floor at a supermarket for breaking a wrist, most fit able people would be able to just treat the stumble as a stumble.

You can load up with any form of debt and if you really decide that you do now want to pay it back, the law will help you as long as you get the story right.
Tax can be avoided if you are in a certain wage bracket, state housing not given to you above the needs of a working family person if you have not bred with the right amount of men who also have to be useless at anything in life except for that one minute fumble after TOWIE.

One of the biggest victims in the UK today are middle earners who take some kind of responsibility for their lives.

?? A broken wrist is broken whether your fit or fat,i doubt a fit person would pass it off as a stumble.

ess0two

homelessskilledworker wrote: »

A few months ago I had a pretty nasty accident where I put my back out, I went to the hospital and had to take a little time off work.
Somehow all and sundry got to hear about this accident, I was gettig texts and emails from lawyer scum said that I was could get thousands for this that and the other.

How did my accident happen...

Idiot ME got access to a control panel in a way that I should not have done, stupid ME then balanced on some steps how I should not have done, then silly ME lost my footing and fell back and wrong footed myself on some MIG cable that daft ME put there.

ME deserved what I got and sometimes sh*t happens.

Sounds like you did'nt complete a risk assessment to fully understand the hazards or risks coupled with the fact of poor housekeeping,was the control panel electrical? was it isolated adequately?.

Next time you may not be so lucky,or some other poor sod that'll come a cropper due to your actions.