Lifetime Mortgage

MWT

Onlooker said:

We raised 45,000 with one of the leading providers 8 years ago but somehow failed to take notice of the future consequences of our actions on our property and the negative effect on our estate and family.

The truth is all in the OP's first post in 2017...

Since then the ongoing 'stream of consciousness' posts all have their basis in events now well over 10 years ago and with products that could not be sold in the current market.

The current products are subject to mature regulation, the mandatory advice ensures that those taking the products have the complete picture of what they are agreeing to and the current interest rates are a fraction of what they were 10-15 years ago.

In short this thread serves no real purpose with the OP stuck firmly in the past and clearly not aware of current product features and protections.

Consider !

robatwork

Little do you know the OP is being sponsored £1,000 per page this thread runs to. So now he's got his money back. Yay for equity release!

calleyw

robatwork said:

Little do you know the OP is being sponsored £1,000 per page this thread runs to. So now he's got his money back. Yay for equity release!

Yours

Calley x

ledonster

You hit the nail on the head Calley. Now can we PLEASE get on with offering the public some sensible, quality, independent advice so they can consider their options and make well informed decisions? Oh, and by quality advice, I don't mean from the dancing fools on the TV adverts. They are threatening to spoil it for everyone by not being qualified to 'consider' ALL alternatives. 

Onlooker2

Little do you know that the fact that we are  earning any monies, £1,000.00 a page from our posting, is a misleading outright lie and goes a long way to proving the industries attitude towards anyone who dares to point out an opinion that endangers their future commission earnings and how far they will go in this manner.
This is our manner of reporting and discussing this subject openly for all to consider.Consider

robatwork

Christ on a bike, your po-faced response to what was obviously a joke made by someone (me) who isn't in the industry and has no relationship with mortgage companies other than having a mortgage, makes me think that perhaps you're not just feeling cheated but have some other issues.  For what it's worth I hate these type of schemes in general and people can and do get taken for a ride by oleaginous salesmen. Nobody is stopping you "reporting" it as you have done continuously, but you certainly aren't "discussing".

SpiderLegs

Wow a grand a post, that’s 50k that onlooker has earned so far. Let’s hope they put some of it towards getting some professional help for their deep-seated mental health issues.

Onlooker2

Remember the millionairess on her bike smashing up For Sale signs in an attempt to downgrade DownsizProbablying which has actually turned into one of the best alternatives to raising monies from your property.                                                        Now a TV multi- millionaire presenter has signed a 12 month contract to advertise Equity Release on TV..We hope that he and his partner have the power in said contract to persuade their paymasters to provide more initial information of the dire consequences that can happen to people who borrow monies this way.Probably not. As aforesaid wait .Consider. 

MWT

You really have no clue how Equity Release is regulated and sold these days do you?

You are raising out of date concerns about problems that simply don't exist in the current market.

Onlooker2

Discuss the early repayment charge which is payable at 25% on top off your original borrowings  from day one and is a cost that has to  taken into account by all .previous borrowers who are stuck with compounding rates double or more than now.It is the most costly  way to switch That is a lot of expense owed by a lot of people.Every other form of borrowing has reduced rates without being charged  to switch to an other way and having a debt for your lifetime.In these unknown financial times of a future unknown by even the experts if you can wait or take a short term option.Consider