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crash2006

Payment Shock Adds Up £500 Per Month To Mortgage Bills

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http://www.thisismoney.co.uk/mortgages/art...e_id=8&ct=5

The Council of Mortgage Lenders has taken the extraordinary step of suggesting some might be wise to sell their home rather than risk repossession. In many cases they could stay in the same home, paying rent.

Around 1.4m face an average monthly rise of £200 while others could be asked for £500 more. The hardest-hit are already being advised to sell their homes before they are repossessed.

Edited by crash2006

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The Council of Mortgage Lenders has taken the extraordinary step of suggesting some might be wise to sell their home rather than risk repossession. In many cases they could stay in the same home, paying rent.

Who would buy their home though, at those prices, not a chance.

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The Council of Mortgage Lenders has taken the extraordinary step of suggesting some might be wise to sell their home rather than risk repossession. In many cases they could stay in the same home, paying rent.

Bright advice. :rolleyes:

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The Council of Mortgage Lenders has taken the extraordinary step of suggesting some might be wise to sell their home rather than risk repossession. In many cases they could stay in the same home, paying rent.

Around 1.4m face an average monthly rise of £200 while others could be asked for £500 more. The hardest-hit are already being advised to sell their homes before they are repossessed.

Genius.

Get rid of a potential default, sell a new mortgage at a more sustainable price to the buyer, pocket the arrangement and early exit fees, whilst using the balance in value to rebuild capital in the lending institution.

What drives the market up, drives the market down...

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  • 296 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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