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rantnrave

Repossession Discussion Radio 5 Now

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Repossession Discussion Radio 5 NOW

Started off talking about CML warning of 15% increase in repo levels this year, inflation squeezing incomes, IRs very low and helping people but might go up. Good so far!

Sue Anderson from CML is a guest. Repos running at half the rate of early 90s because lenders are trying to help people through temporary difficulties. Many who are behind are not going forward or backward with repayments.

Callers now on...First one got shortfall of £100 a week when SMI was cut :o. Mortgage company weren't passing on full BoE cuts but have increased the %. She's separated and struggling to make repayments...She's trying to sell up

CML rep saying lenders rates and BoE rates are different because lenders are having to get their money from other sources at higher rates. Lenders have an interest in keeping people in their houses even if they are behind because they may not get all their money back if it is has to be sold on.

Edited by rantnrave

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Question asked why the first caller should be subsidised to stay in a family home after separating from partner

She's been trying to sell since October and had no offers. Wonder why :rolleyes:

Edited by rantnrave

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Question asked why the first caller should be subsidised to stay in a family home after separating from partner

She's been trying to sell since October and had no offers. Wonder why :rolleyes:

The asking price isn't high enough so she is attracting the wrong type of buyer ;)

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The asking price isn't high enough so she is attracting the wrong type of buyer ;)

Housing Benefit advisor saying she might not be able to afford a smaller property either...

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. Mortgage company weren't passing on full BoE cuts but have increased the %.

These low B of E interest rates are good for helping banks, but proving ruthless for not only savers, but some borrowers too now, it seems. .

Going on those figures the caller gave, she must have a huge mortgage.

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These low B of E interest rates are good for helping banks, but proving ruthless for not only savers, but some borrowers too now, it seems. .

Going on those figures the caller gave, she must have a huge mortgage.

If there was any doubt over the extent that SMI has propped up the market, her comments were a revelation.

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Starting again...

Somebody 14 months behind on mortgage of 300K plus and did a runner!

People defaulting on new agreements with lenders. People wanting to hand the keys back.

TALKING ABOUT A 50% CRASH IN SOME WELSH PRICES... At which point the advisor speaking was immediately cut off :rolleyes:

Seems like that's it... Shame. The cut to Cameron's press conference meant this subject was given a lot less coverage than it was due in my opinion. Isn't there a Radio Five live discussion forum? Any interesting comments on that I wonder...?

Edited by rantnrave

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Yes, very sad for that woman. Wonder how many there are like her? What a mess.

but do you remember what it was like trying to suggest to these people 5 years ago that a big mortgage at these prices possibly wasn't such a great idea?

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Isn't there a Radio Five live discussion forum?

There should be one on here IMHO, it'd be a great idea. There seems to be at least one subject on the economy for a phone in each day.

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might sound a bit hard, but i did not feel sorry for her one bit,

why dont they just say "house privces are too high, and this has been the cause of all this"

liked the way the women kept say "being a homeowner" and i am a "homeowner"

well if you own why the bank want it back stupid tart

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  • 312 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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