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Bbc Website - Repossession Stories


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Hmmmm... I've just had an awful thought. /tinfoil hat on/

Is the point of these stories to actually build up anger against these kind of folks and make the idea of owning any property abhorrent?

/tinfoil hat off/

My thoughts exactly. No sob stories there at all. Is that really the best that the BBC can come up with? These examples can only work in our favour.

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It is a pity these stories don't look at it from the perspective of the professional lenders, paid to value properties and lend on them, licenced by the Govt. and regulated by the FSA.

I would like to see:-

Example A:- Couple 1. - Salary of £14k plus second part-time income - Authorised £167,000 and so on.

The lenders should be named.

The brokers and/or branches should be named.

The CEOs should be named.

Then the SFO should go to work.

This is de facto large scale corruption and ensuing defrauding of the taxpayer via the Treasury.

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Honestly! WTF!

.

Me and the Mrs (to be) pull in >£60kpa (gross) and I would have a serious sweat on signing a

mortgage for £167,000. But once they take on this MASSIVE debt his wife takes some hours down

the drs. surgery! What a nice life.

.

The BTL'er can rot in Herpes infested hell for all I care. 7 properties on £20k per year?

Can't even be a very good accountant. Pr1ck.

.

ST

They should bring back the workhouses for these mupppets, and Jail to the gangsters dishing out the mortgages!

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Honestly! WTF!

.

Me and the Mrs (to be) pull in >£60kpa (gross) and I would have a serious sweat on signing a

mortgage for £167,000. But once they take on this MASSIVE debt his wife takes some hours down

the drs. surgery! What a nice life.

.

The BTL'er can rot in Herpes infested hell for all I care. 7 properties on £20k per year?

Can't even be a very good accountant. Pr1ck.

.

ST

yeah, but, the BTL was a business!!! why dont people "get it"?

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Guest mattsta1964
Adding up is so last decade.

:lol:

Nice response!

Err....like......counting?????? Nah!

Holy $hit! We are living in a madhouse. I need an alcoholic beverage reading HPC these days.

The whole nation has slid into some kind of subconscious insanity

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OMFG, I'm absolutely stunned, my girlfriend and I earn between us £60k (mid 20's and mid 30's). I never really understood just how bad the leding had been. On our combined salary we would only just be willing to buy a 3-4 bed in a good area for £200k but here are these absolute uneducated, below 100 IQ, financially challenged morons who the banks will led over £150k when they are on £14k-WTF!!!!!!! :angry: :angry: :angry: No wonder we can't get a place we could afford that suits our needs.

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Scarily enough, these are just your average people in the street. As comedian George Carlin said, "Think of how stupid the average person is, and realize half of them are stupider than that."

This has no doubt happened an exponential number of times up and down the country, hence the Cooper and Darling trying to get ahead of the curve (for once..) and arm twisting the lenders not to reposess.

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It is a pity these stories don't look at it from the perspective of the professional lenders, paid to value properties and lend on them, licenced by the Govt. and regulated by the FSA.

I would like to see:-

Example A:- Couple 1. - Salary of £14k plus second part-time income - Authorised £167,000 and so on.

The lenders should be named.

The brokers and/or branches should be named.

The CEOs should be named.

Then the SFO should go to work.

This is de facto large scale corruption and ensuing defrauding of the taxpayer via the Treasury.

Yes, I would like to see this too, but it's never going to happen.
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Honestly! WTF!

.

Me and the Mrs (to be) pull in >£60kpa (gross) and I would have a serious sweat on signing a

mortgage for £167,000. But once they take on this MASSIVE debt his wife takes some hours down

the drs. surgery! What a nice life.

.

The BTL'er can rot in Herpes infested hell for all I care. 7 properties on £20k per year?

Can't even be a very good accountant. Pr1ck.

.

ST

ST I always agree with your sentiments and everything, but you do seem to have a strange preoccupation with herpes....

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What a bunch of utter sh!t stains.

MARK RIGBY-JONES, 53, NORWICH

Takes out a mortgage of £180,000 in 2006

AT 51!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Have these dip sh!ts being living on the hock all their lives or what.

Edito for spellingo.

Edited by pablovblack
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I wonder if these are really "typical" stories?

Surely they could have come up with a truly struggling person? Theme of all of these stories is:

(a) Person on a not very big salary

(B) Said person takes out a HUMUNGOUS loan

© Said person stuggles to pay said loan

The only bit that's missing is someone who's been mew'ing for the last few years, who isn't now able to afford their lifestyle due to not having any more mew, and without the mew is unable to afford the repayments.

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Ok, so the guy was very naive and foolish but you can't just point the finger at him and say it's all his fault

Absolute and total rubbish of the highest order. He clearly wanted to do this. For all the daft and dangerous things the financial services industry does, it doesn't drag people in off the street at gunpoint and make them sign stuff. He made a conscious decision to purchase a product he couldn't afford. It's his own fault, and sending out the message that the lil' guy can always blame a big, faceless institution for their retarded behaviour is just plain wrong.

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What a bunch of utter sh!t stains.

MARK RIGBY-JONES, 53, NORWICH

Takes out a mortgage of £180,000 in 2006

AT 51!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Have these dip sh!ts being living on the hock all their lives or what.

Edito for spellingo.

Don't forget, he already nearly had ONE house before repossesed, and then his ex wife talked him into 'buying' another one!! No wonder she got dumped.

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They kept mewing and selling mewing and selling and would rub new cars new TVs new everything constantly in my face...

...if it were breast implants it wouldn't be so bad... ;)

Seriously though, what is all this 'your stories' crap the BBC is coming out with? Surely any decent journalist would be on the phone to the lenders trying to find out why these people were given all this money? Or do they simply expect it's everyone's 'right' to borrow as much as they like regardless of their ability to pay it back?

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We had to pay interest at 9.8%, which I was advised was the best I could get at the time because of credit problems, as neither my wife nor I were working. !

This absolutely has to be fu**ing made up surely?

A mortgage fot 165K WITH NO JOB :blink::blink::blink::blink::blink::blink::blink:

HOW. THE. F*CK. DID. HE. THINK. HE. WAS. GOING. TO. PAY. IT. BACK?

AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh it is so infurating.

W*NKERS. W*NKERS. W*NKERS. W*NKERS. W*NKERS. W*NKERS. W*NKERS. W*NKERS. W*NKERS. W*NKERS. W*NKERS. W*NKERS. W*NKERS. W*NKERS. W*NKERS. W*NKERS. W*NKERS. W*NKERS. W*NKERS. W*NKERS. W*NKERS. W*NKERS. W*NKERS. W*NKERS. W*NKERS. W*NKERS. W*NKERS. W*NKERS. W*NKERS. W*NKERS. W*NKERS. W*NKERS.

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Absolute and total rubbish of the highest order. He clearly wanted to do this. For all the daft and dangerous things the financial services industry does, it doesn't drag people in off the street at gunpoint and make them sign stuff. He made a conscious decision to purchase a product he couldn't afford. It's his own fault, and sending out the message that the lil' guy can always blame a big, faceless institution for their retarded behaviour is just plain wrong.

I think you gotta think about the mindset and fears induced deliberately in people AT THE TIME.

These were:

IF you dont buy NOW, you never will be able to.

If you dont buy NOW, you will miss out on all the future capital gains

Interest rates rise? no way, there is a WALL OF MONEY trying to find a home..wont happen.

Renting is dead money.

If you lose your job, you can sell up with a nice tidy profit.

It was the PROFESSIONALS in the game that SOLD this fear into the populace, a populace, many of which cannot read or write properly, a populace fed daily property porn, credit and cheap mortgage teasers.

of course, there is NO subprime in the UK. apart from our sub-prime Minister.

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Don't forget, he already nearly had ONE house before repossesed, and then his ex wife talked him into 'buying' another one!! No wonder she got dumped.

I cant speak after reading this, these are the same people that caused all of us to put our lives on hold, I might have kids now if all these irresponsible [email protected]@rds had used a brain cell.

But no! like good citizens us HPC's saw the madness and didnt subscribe to it, and what do you know, we are the ones that pay the price.

Awesome.

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