crash2006 Posted March 17, 2008 Share Posted March 17, 2008 (edited) 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 March 17, 2008 by crash2006 Quote Link to comment Share on other sites More sharing options...
Its time to buy Posted March 17, 2008 Share Posted March 17, 2008 BUT rent is dead money!! Quote Link to comment Share on other sites More sharing options...
dances with sheeple Posted March 17, 2008 Share Posted March 17, 2008 http://www.thisismoney.co.uk/mortgages/art...e_id=8&ct=5The 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. Quote Link to comment Share on other sites More sharing options...
Its time to buy Posted March 17, 2008 Share Posted March 17, 2008 How many times have we been told >>>>>>>>>>>>> Renting = :angry: Quote Link to comment Share on other sites More sharing options...
crash2006 Posted March 17, 2008 Author Share Posted March 17, 2008 bit late who can afford them lol. Quote Link to comment Share on other sites More sharing options...
headmelter Posted March 17, 2008 Share Posted March 17, 2008 http://www.thisismoney.co.uk/mortgages/art...e_id=8&ct=5The 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. Quote Link to comment Share on other sites More sharing options...
Timm Posted March 17, 2008 Share Posted March 17, 2008 http://www.thisismoney.co.uk/mortgages/art...e_id=8&ct=5The 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... Quote Link to comment Share on other sites More sharing options...
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