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Mis Sold interest only self certify mortgage
Comments
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Of course they knew. They are lying because it didn't work out for them.
^^^ this. This exactly. "Interest-only" - it isn't tricky to understand is it? Every time one of these "mis-sold" IO borrowers claim "we intended to pay it off by downsizing" they are explicitly confirming they understood it was interest only and none of the capital would be paid off in the interim.0 -
I'm glad the bank didn't budge , but surprised they gave them the time they had already before repo"It is prudent when shopping for something important, not to limit yourself to Pound land/Estate Agents"
G_M/ Bowlhead99 RIP0 -
They were not missold. They made a decision for a reason. The article confirms it. It just didnt pay off for them. The risk warnings on a mortgage (which have been set by the regulator since 2004 - before they borrowed) are there for good reason. Risk events are not there for fun.
They could also have protected themselves in the event of illness. Choices and consequences do not mean missale.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
They were not missold. They made a decision for a reason. The article confirms it. It just didnt pay off for them. The risk warnings on a mortgage (which have been set by the regulator since 2004 - before they borrowed) are there for good reason. Risk events are not there for fun.
They could also have protected themselves in the event of illness. Choices and consequences do not mean missale.
sadly how many I/O mortgage Missold threads have we seen over the year?"It is prudent when shopping for something important, not to limit yourself to Pound land/Estate Agents"
G_M/ Bowlhead99 RIP0 -
sadly how many I/O mortgage Missold threads have we seen over the year?
It just reflects the reality that some people spend more time researching and learning about their mobile phone than they do with their biggest or second biggest purchase in their life (pension being the other and that gets similar treatment).I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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