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Homewise - Anyone Else Come Across This...

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Sounds like a scheme to relieve the elderly (and possibly confused) out of all they have! :blink:

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It's not necessarily dodgy per see from looking at it, just a very pricey way of buying some life insurance. They don't give any example numbers on the sitre that I could find but I would bet that the one off payment you make is for an insurance policy that pays out on death or disability to the tune of the proportion of the value of the house that the firm is funding plus the PV of the interest costs adjusted for your life expectancy plus their profit. I've seen schemes like this operate in the US that were legitimate but very expensive.

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  • 238 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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