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Radio 4 Money Box On Interest-Only Mortgages Saturday Noon


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Can i just say...? I know what a rent BOY is. So you're a rent GIRL eh?

It was a joke - play on words you see on account of the 'rent' part - many years ago when first joined, now definitely should be north london rent middle aged woman, don't goop up your keyboard over it.

Thanks, Idlewild, for more interesting charts, have printed off to peer at over breakfast.

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I love the way Ray Boulger blames the banks and in particular the fact that they are computer driven and trying to stay inside their regulator guidelines!

Apparently regulation is part of the problem.

These poor individuals are left to go to Building Societies as they can "manually underwrite mortgages" for them.

Does he actually listen to what he says?

Edited by Blod
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MrPin, if you are here posting on House Prices and the Economy, who is supervising Off-topic? All hell could be breaking loose in your absence. TMT starting threads on buying kettles may be the least of our worries!

Surely it's off topic to discuss the off topic forum outside the off topic forum? ( Apologies for calling you Surely)

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Surely it's off topic to discuss the off topic forum outside the off topic forum? ( Apologies for calling you Surely)

It's part of a top secret campaign to get the many knowledgeable posters who've retired to OT to come and work the trenches in HP&TE. It's dead crafty reverse psychology. By suggesting that they shouldn't I use their contrarian nature against them and put them in a position where they feel they have to, ;) .

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It's part of a top secret campaign to get the many knowledgeable posters who've retired to OT to come and work the trenches in HP&TE. It's dead crafty reverse psychology. By suggesting that they shouldn't I use their contrarian nature against them and put them in a position where they feel they have to, ;) .

It won't work on me. I haven't even read this thread. Wonderpup? Never heard of it.

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and of course the debt was supposed to inflate away so the 100,000 mortgage would be the equvalent of a few thousand when the capital needed to be paid off 25 years later due to wage inflation. But unfortunately wage inflation has gone pretty much no where in the last ten or fifteen years so the 100,000 that was supposed to be like 15,000, which is like a credit card debt, but is now is still 80,000 which is a large mortgage debt.

Do you know I never really understood that theory... I didn't disagree with it, I just didn't realise what what supposed to inflate. Makes sense now... Thanks! But as you say... Nice idea which just hasn't happened

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The fantastic news is since the majority of IO loans were taken up to 2008, we have had record low interest rates thus allowing mortgage holders to overpay and reduce the loan outstanding. Indeed, this was somewhat the basis of the policy.

I'm sure no-one has been just p*ssing their reduced mortgage payment on 'on-tick' BMWs and new kitchens. :D

IO mortgage misselling is going to be the next PPI.......

Edited by pokercola
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  • 433 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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