Friday, December 5, 2008

Borrow more now! re-mortgaging loans, debt consolidation loans, home owner loans

AIG’s Ocean TV

In September Ocean Finance launched a dedicated television channel named “Ocean TV” on channel 888 on Sky. FT Alphaville spent some time watching said channel last night, and was errr a little shocked. The programming is stacked with “Changing Rooms” style programming talking up equity release, personal loan programmes to encourage home improvements, new cars etc — as if Changing Rooms and Property Ladder themselves didn’t contribute enough to the respective UK property bubble. There’s more though, products range from re-mortgaging loans, debt consolidation loans, home owner loans, etc.

Posted by mountain goat @ 01:06 PM (704 views)
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4 thoughts on “Borrow more now! re-mortgaging loans, debt consolidation loans, home owner loans

  • I can’t believe this is happening…

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  • I can’t believe it either.

    FT flicked all the way up to 888 before finding something to watch ?

    Actually, no I can belive that.

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  • dohousescrashinthewoods says:

    Has anyone seen “Logbook Loans”? It’s got to be criminal.

    Scroll down to the bottom for their proud and bold statement that they charge 437% APR. At least they are open about it!

    http://www.logbookloans.co.uk/

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  • crash bandicoot says:

    Good,

    If Ocean finance are dumb enough to lend to this type of muppet just because they “own” a home, then they will soon be gone forever. Those buy-and-rent-back sharks who bought at 20% BMV aren’t looking too clever now either are they?

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