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eric pebble

Nightmare Ahead: 100% Of Income Needed To Pay Stupid, Often Dishonest/fraudulent Mortgages

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Credit squeeze

The baker, the banker and the barrister on the credit crunch

""My mortgage will go up so much that my entire wage would go on paying it," he says. "I wouldn't be able to afford to pay my bills or council tax."

"We've got a baby coming soon and that's an extra cost. I'm trying to do as much overtime as possible, but there's only so much available," he adds. "

Yes you plonker --- You could have worked this out in 2 minutes of you'd just stopped to THINK...........

http://news.bbc.co.uk/1/hi/business/7289240.stm

Edited by eric pebble

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"Stuart Cook is a local council worker and one of six million homeowners in the UK with a fixed-rate mortgage who could see his monthly payments soar when it expires."

Wonder if he sweeps the streets and has a sub prime mortgage ?

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"Stuart Cook is a local council worker and one of six million homeowners in the UK with a fixed-rate mortgage who could see his monthly payments soar when it expires."

Wonder if he sweeps the streets and has a sub prime mortgage ?

High probability - yes!

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The responsible thing for people in that position to do is to sell up as quickly as possible and either downsize or rent somewhere that they can afford.

Will they listen? Most will probably bury their heads in the sand and end up bankrupt.

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  • 295 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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