CHF

The risk is as what happened to my mate is that your fully owned car with a book price of around 12k ends up needing an 8k repair! Hes now got a Kia on PCP as he couldnt face that again and its hard to blame him.

Good summary thanks

https://www.moneymarketing.co.uk/issues/1-december-2016/paul-lewis-use-housing-gold-mine-pay-long-term-care/ Surprising toe see that the majority of posters seem to agree, who I would expect to be on balance middle aged IFAs likely to have decent property interests.

Having the kitchen re-done in similar style as we speak

Not necessarily so. You could take 11k income and a further 4k pa as tax free cash.

I think it's a tomato/tomato thing. The UK debt industry definitely uses the term to describe income after essentials. I suppose it doesn't matter in reality. You're either skint or your not.

Sorry but this is wrong according to the FCA and all accepted practices in the 'debt industry'. See CONC8

My first year halls had 12 blokes, 4 toilet cubicles, 2 showers and 1 bath which we used for washing dishes when they frequently over ran the 1 kitchen. We actually got fined for the state of our kitchen a couple of times.

Are they? I've not looked into it too deeply/at all but I thought they were saying basic pay was going up but they were losing overtime? If the lose the uplift and drop back to c26k then that's a bit of a crap deal

12% on i/o mortgage

I used to do work for a lot of junior doctors about 10 years ago so had a good knowledge of how the pay worked then. Assuming it's still the same basis, the basic pay is ALWAYS (as in, i never met one whose was not) 'uprated/weighted' by 50-100%. It has a special name and its nether of these but you know what I mean. 90% of the ones I knew had an extra 50% and I met a few with 80% but none with 100% Basic pay back then was 20k so everyone was on 30k min in year 1. It doesn't seem to have changed much in 10 year mind. They also made a few extra quid doing cremation certificates (ash cash). If you worked on a geriatric rotation you could easily get one a night at what I Think was about £80. All anecdotal. IANAD

I'm surprised th return has been so low considering the rise in most indices since 2009 bottoms. Have you always had such equity content or is that a recent change?

Could this be the Internet/radio equivalent of meeting ones hero?

Yes I'm interested as this sort of stuff is straight out of Naomi Kleins 'Shock Doctrine' which I read a while back as a result of a recommendation on here.

I remortgaged/product transfer with my lender recently and although it was my wish and the in house advisers advice to convert to repayment, I wasn't actually allowed as according to their criteria, i couldn't afford repayment at their 'stress test' rate of ~7.69%Edit since reading blands other comments - I was also able to self cert again at 93% LTV (according to them)