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thewig

DEBTponzi is great, says DEBTponzi broker (news)

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If house prices fall enough and the people in them live long enough, could the lender end up in negative equity?

I wonder about the adverts for this kind of thing with statements such as "and we still own our own home" is that true?

It's a it like the "No commission" Purple Bricks adverts, they're cheaper if you use their conveyancers who are presumably paying them some kind of fee for passing on the business, isn't that a commission?

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8 minutes ago, Option5 said:

If house prices fall enough and the people in them live long enough, could the lender end up in negative equity?

Yes, it's a handy vehicle for putting the risk of idiotic levels of HPI into your pension holdings. Can't say I blame owners for realising their "gains". Maybe they think it's all based on nothing?

That said, the only couple I know who've done this gave the cash to their kids to buy...guess what

 

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"They have been attacked by critics for taking advantage of elderly Britons. But financial products that allow over 55s to borrow."

wow 15 years and i am elderly such great things to look forward to. 

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  • 406 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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