Jump to content
House Price Crash Forum
Trampa501

Inherited Mortgages To Become Increasingly Common...

Recommended Posts

Another prop to keep prices high

http://www.telegraph.co.uk/finance/personalfinance/borrowing/mortgages/10890780/Retired-parents-taking-out-inherited-mortgages-for-children.html

He added there is a possibility that 100-year mortgages could be introduced, similar to Japan, where house price inflation and a very weak investment market meant borrowers felt they could never repay a debt in their lifetime.

Share this post


Link to post
Share on other sites

Like they worked in Japan :lol:

I have a better solution.

STOP SUPPORTING THE BANKERS.

Edited by TheCountOfNowhere

Share this post


Link to post
Share on other sites

The game is rigged...

Of course at some point "they" may allow a correction. But waiting for sanity in this market? Don't hold your breath...

Share this post


Link to post
Share on other sites

Ah I love these stories, the mega bubble burst is so close now I can smell the fear....

I did find this quote a tad disturbing though

For example, he cited a 70-year-old parent and a 40-year-old child buying a property as “Tenants in Common”, allowing each to hold a percentage of the asset and to divide the income and expenses as they see fit.

Since when is a 40 year old considered to be a child? In wacky UK-mortgage-debt-land I assume, you would have to have the mind of a child to agree to this type of debt slavery!

Edited by JustAnotherProle

Share this post


Link to post
Share on other sites

You know it's getting ready to crash when the newspapers start talking about multigenerational mortgages and groups of friends buying together.

Share this post


Link to post
Share on other sites

This time its's different.

It is different. Low interest rates encouraging higher level of debt that can't ever be paid off, so it never will be. Those that graduate next summer will start with £50K of debt and end up with effective tax rates of over 50% on what they earn. Roll the mortgage on down the family.

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

  • Recently Browsing   0 members

    No registered users viewing this page.

  • The Prime Minister stated that there were three Brexit options available to the UK:   211 members have voted

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal

    Please sign in or register to vote in this poll. View topic


×

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.