I'm wearing my work trousers backwards as a sartorial tribute xx

(dozers, do fuck off ur a nob m8, Thu 2 May 2013, 8:08, 1 reply, 12 years ago)

you would have liked the debate on the radio in my taxi this morning
lots of people complaining that their banks expect them to pay off the balance now their interest only mortgages are coming to an end. seriously.

people are THAT stupid.
( rachelswipe with a fork, Thu 2 May 2013, 8:23, Reply)

Were you listening to Milton Keynes FM?

( Amorous Badger NAKED BEA ARTHUR PHOTOS 4U, Thu 2 May 2013, 8:24, Reply)

no, these were areas where people might actually want to live

( rachelswipe with a fork, Thu 2 May 2013, 8:25, Reply)

I heard that MK was a highly desirable area full of overpriced houses and sex workers.

( Amorous Badger NAKED BEA ARTHUR PHOTOS 4U, Thu 2 May 2013, 8:27, Reply)

I heard that it has more jobs than job applicants, thereby guaranteeing work to recently redundant data inputters.
Strangely enough, Aberdeen is the same, yet has unemployed people on massive schemes. Something to do with highly specialised industries requiring highly skilled staff or sutin.
(dozers, do fuck off ur a nob m8, Thu 2 May 2013, 8:30, Reply)

highly specialised industries requiring highly skilled staff or sutin. Scottish people being lazy.
( Agnostic Antichrist Baltimora, Thu 2 May 2013, 8:56, Reply)

I was reading about that yeah.
If they'd been to an independent mortgage adviser they would have been recommended a repayment vehicle. We take extra approval steps for io mortgages into retirement with no vehicle, and for new mortgages it's unlikely to be for an LTV above 60%.

But anyone using IO for a residential mortgage is a twat anyway, innit. This is why it's mainly used for BTL.

I know nothing of mortgages or financial advice, Soz.
(dozers, do fuck off ur a nob m8, Thu 2 May 2013, 8:28, Reply)

Bad financial advice a lot were given I think.
as if an endowment would continue to grow at 8% a year or something for 25-30 yrs in the boom/bust cycle economy Britain has.
"Look, you can pay less and it will magically turn into more without you doing anything".
(localboy purveyor of pisspoor puns, Thu 2 May 2013, 8:29, Reply)

when the endowments were sold
That sort of return, judging by short term returns, were feasible. Misselling has nothing to do with investment performance. Also, the current report says that a hefty proportion of those borrowers have no repayment vehicle in place. It also doesn't state how many of those mortgages were non-advised, or advised by a bank. Bank advice is laughable.
(dozers, do fuck off ur a nob m8, Thu 2 May 2013, 8:34, Reply)