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Pay Off Your Mortgage Then Pay Rent?!

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On my way home from work last night there was a very interesting advert on the Radio (I live in the Northwest). The advert was basically, if your struggling to pay your mortgage then this particular company will give you a minimum of 70% of your houses value and then rent it back to you on a long term basis! I couldn’t believe this!. I can imagine a situation where many people have taken out 90% or 100% mortgages, cant afford the repayments and sell it to a company like this and still end up with not enough money to repay the mortgage company on top of now having to pay rent for the house they used to own!!! any comments? :P

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  • 301 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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