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Halifax UP 1.2% *gulp*
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JanCee wrote:In 25 years time a £200K repayment mortgage is going to be....repaid.
Well quite.
I was referring to the fifty percent, that's HALF of all new mortgages, which are interest only.
Frightening stat, don't you think?
Unlike the good people on this site, most Brits are very shortsighted when it comes to debt.0 -
meanmachine wrote:Well quite.
I was referring to the fifty percent, that's HALF of all new mortgages, which are interest only.
Frightening stat, don't you think?
Well yes I do agree with you on the IO mortgages and I think it is a disgrace that the lenders are able to approve them without any kind of repayment schedule in place. You also may well be right in saying that in years to come this may be the new mis-selling scandal.
But that's enough of agreeing with you for now MM.
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