Reeling from the Reality Check

Historybuff

His credit file is trashed already, Brogden. He's already organised his rented place and will be in no position to even be anywhere near a mortgage for a long time, if at all the way things are going. I watched a programme about the Superich last night and how the economic climate has changed since the 70s. 1% of the population have increased their worth a thousandfold to the detriment of us normal people and London property is being sold off at Sky high prices as investments to superich foreigners who leave them empty! Affordable housing is being snapped up by buy to let landlords. Youngsters coming through these days don't stand a cat in hells chance of getting on the property ladder.

Brogden

Historybuff wrote: »

His credit file is trashed already, Brogden. He's already organised his rented place and will be in no position to even be anywhere near a mortgage for a long time, if at all the way things are going. I watched a programme about the Superich last night and how the economic climate has changed since the 70s. 1% of the population have increased their worth a thousandfold to the detriment of us normal people and London property is being sold off at Sky high prices as investments to superich foreigners who leave them empty! Affordable housing is being snapped up by buy to let landlords. Youngsters coming through these days don't stand a cat in hells chance of getting on the property ladder.

Glad you said that HB Get together and sort the debts together

On the subject of the landlords / speculators / superrich - they can do what they want - after being neglectful, we're just making the most of our little bit of things aren't we?

Brogden x

Historybuff

Annoys me, though, Brogden. Sorry for the rant. Letters all in the post. Fingers crossed they agree to the reduced payments. If they do it will be a weight off my mind.
Helping DD today. She is having a change of direction with her business and going online only. So having a massive clear out of stock. Most has been sold off cheap, but there's a good few boxes going to have to go in storage. Not here, may I add.
Rest of today is tidying up and trying to clear spare room to turn it into my study/workshop...again. And all the Christmas decs need to go in the loft. Busy, busy, busy!

Brogden

Historybuff wrote: »

Annoys me, though, Brogden. Sorry for the rant. Letters all in the post. Fingers crossed they agree to the reduced payments. If they do it will be a weight off my mind.
Helping DD today. She is having a change of direction with her business and going online only. So having a massive clear out of stock. Most has been sold off cheap, but there's a good few boxes going to have to go in storage. Not here, may I add.
Rest of today is tidying up and trying to clear spare room to turn it into my study/workshop...again. And all the Christmas decs need to go in the loft. Busy, busy, busy!

They will agree HB ! If the I&E shows its reasonable they will. In all honesty.......they have no choice. I didn't realise that around three years ago when I went through my LBM (imposed LBM......Ha!!!:eek:) I would have been stressed but not as stressed as I was.

All the best with the tidy up

Brogden

grannyx2

I'd say it's pretty guaranteed that they'll agree too as long as you've shown where your income is going and why you can't afford the previous repayment amount. I only wish I'd realised that 3 years ago as I reckon more would have accepted my F&F offers if my payments had been lower. Live & learn as they say x

Historybuff

Thanks Brogden and granny. I'll wait and see what they come up with. Fingers crossed.
I've spent time today looking into phased retirement. I've put lots of dates and permutations in and...I think it may be a goer! Sooner than I thought. The time off at Christmas just made me realise that at my age I could really do with spending a lot less time at work and more at home doing my own thing. With the debt levels I thought I wouldn't be able to do it for years, but the number crunching says I can. Well, reduce to four days a week. From later this year. That's a good start. I'll mull it over...

grannyx2

That's a pretty great way to start 2015 I reckon. X

Historybuff

Thanks, granny. Feeling good.

Historybuff

Well, I've mulled it over all day and gone back over the figures again and again to make sure. I've decided. I'm going to go down to 4 days as soon as I can do it. I can still pay the debts and will have a day off a week for 'me' time. I think it's the right thing to do at my age. It's about time I put myself first. Time is priceless and I'm going to have more of it!

in_need_of_direction

Well said.