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eric pebble

2 Stories Illustrating The Consequences Of The Satanic Religion Of Property...

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2 stories illustrating the consequences of the satanic religion of property...

'I won't be in today - I think I've killed Liz': Printer's phone call to his boss after strangling his wife

Cash-strapped Michael Carroll, 60, attacked his wife Elizabeth, 64, at their home, a jury hears

Laminator had defaulted on mortgage payments and had been ordered to pay the remaining £75,000 of his interest-only mortgage within five years


The 'oligarch's ghost town': 42-acre estate of mock 19th century houses at the heart of Kiev which have sat EMPTY since they were built because of the economic crash

Vozdvyzhenka was conceived of as a desirable luxury community for Kiev's high society

But the 2008 financial crisis choked demand for upmarket housing in the Ukrainian capital


Edited by eric pebble

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Mr Carroll and his wife were living off just £83 a week as they attempted to stay on top of their mortgage payments.

He had taken out an interest only mortgage in 1989 and was approaching full term for the loan when he would have to pay a lump sum of £75,000 for his home.

A financial advisor told the court the Carrolls had failed to take out an endowment policy and did not have enough in pensions to cover the cost.

Mortgage consultant Ian Cooper told the jury he had been discussing loan options with the couple, who did not want to sell their home.

Mr Carroll earned £13,624 a year while Elisabeth Carroll received just £2,340 a year 'probably from her pension' after she had been made redundant in the 1990s, the court heard.

Mr Cooper explained after tax the couple had a combined income of £1,100 a month.

They paid an estimated £460 a month towards their mortgage interest, which left them with a net disposable income to live on of just £360 a month.

From that the couple had to eat and also hoped to service a loan of £74,500 so they could keep their home.

It meant Mr Carroll's plans to retire at 65, set out in a will signed in October 2011, appeared unlikely.

Mr Cooper said: 'The plan that they applied for was affordable.'

As Mr Carroll's financial situation worsened, friends said he became so quiet and introverted someone had to drive him home after work one day.

Perhaps the financial advisor who sold them the IO loan should be up in court for manslaughter too.

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How about selling the house, paying off the mortgage and renting.

Also they were living of £83.00 per week, you would need to see the full details which I am sure Daily mail is hiding. It states the wife had a private pension of £2000+ annually, what about her state pension. The husband obviously wasn't working full time either if their total net income was £1100.00.

They shouldn't have been allowed to borrow this much that is obvious, but there were options for them.

As for the oligarch, well he can hang that estate looks tacky.

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They were LIAR LOANED............. :rolleyes:

Maybe not...the loan is only 75K...there are probably some mortgage lenders today who wouldnt even bother with one that small.

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  • 404 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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