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Case Study needed for ITV1 Tonight program on the UK Mortgage Market
Comments
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You are right but there is no story in that for the media.
Just as there is no story in brokers doing good jobs for their clients.I am a Mortgage AdviserYou should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
Mortgages are not the problem on the whole, its the unsecured borrowing to live the life of a celeb!0
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What about a series on people who have saved up a deposit, have a decent income which they don't spend on kebabs and beer, are looking to buy with 2.5x joint income, and who can actually afford mortgage payments? Who also had no trouble getting a mortgage as FTBs?
It's not what you'd call exciting telly it is, it's not going to have people rushing home from work?0 -
Dan_Collins wrote: »to live the life of a celeb!
Yes entertaining thsoe weather girls must cost a packet :money:Any posts on here are for information and discussion purposes only and shouldn't be seen as (financial) advice.0 -
Panorama was the best example of misguided opinions recently...it highlighted a lady who had bought a property with a 'sub prime' lender and then started missing mortgage payments after the FIRST MONTH!!...she also pointed out that she had lots of quality new furniture stored aside and also had what appeared to be a 1000 inch wide screen TV. Is this the credit crunch?? Is this irresponsible lending??
I tried to post a comment on the bbc site expressing my views and this did not get past the administrator. How many people take out 'credit repair' mortgages and then go on to worsen their credit by getting greedy and also lazy with their repayments???Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0 -
As the best known financial commentator in the UK, exactly what qualifacations does Martin have to comment on areas such as this? I appreciate that Martin's intentions are honourable, but I notice from the request above that a negative spin is being sought.
C'mon Martin, don't make things worse!!!:mad:0 -
It's not what you'd call exciting telly it is, it's not going to have people rushing home from work?
No, quite. But I find it equally uninteresting to see people who can't be bothered to work out whether or not they can repay the mortgage and then spend all the money on TVs anyway.
I am sure there are some sad stories out there, but so far all the tele programmes seem to have got hold of are people who can't be bothered to get off their fat bums and stop buying so many ready meals, or people who bought 10 off plan new builds for £300k each and then got £600pcm for them.
The tele is just making things worse, lots of my friends have said to me "oh I wouldn't bother carrying on with your plans to buy a house, they aren't giving mortgages anymore" (I have my offer)
By Martin doing this he is going to contribute to the housing downturn, leading to those people who he wants to help being even worse off!0 -
whats the famous quote??
Why let truth get in the way of a good story?I am a Mortgage AdviserYou should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
I think he has some sort of degree in economics.
Panorama has gone down the tube, its that muppet at the begining dumbing it down and bring the news to more people!0 -
Martin is a graduate of the London school of economics, just read that in his biography. What did he graduate with though ?
Tell us if you are reading this Martin.0
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