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Unfortunately, this is a problem across the entire UK. Hmmmmmm

Most of us know two or three people at least who bragged about how some "loan arranger" or "independant mrotgage advisor" got them this great mortgage deal. Problem is, most of them either lied about their income or the "arranger" inflated or massaged the income to get the mortgage. MOST I have NO SYMPATHY for. They are the ones who are first of all responsible for their own mess, and combined they are all responsible for the mess of the entire mortgage market now in conjunction with the banks etc. GREED is the sole reason for the state they are in. The "Everybodys making money in property" argument was always false and always had the danger of bankrupting thousands. I was lucky in that I bought my house 9 years ago before the price rocketed, BUT, we took out a straightforward capital and interest mortgage. After 25 years, no hassle, the house is ours. Our mortgage is less than a lot of peoples fortnightly rent!!! PLEASE believe I am NOT gloating at others misfortune, but we didn`t jump on any bandwagon, didnt buy our council house, and didnt buy a repossessed house for coppers at auction. We made a concious decision for the benefit of us and our kids. Also too many were caught up in the "made a fortune on our house" then had to take out a bigger mortgage to buy somewhere else to live!!!! Many were either stupid, greedy or at best badly advised.

This is what happen's when you live way above your means,,

Or try to improve your lot ...

before we all judge people who are in debt with mortgages how many of these people have taken out high mortgages to try and free themselves and their children from crime ridden areas.not to try and better themselves but so they and their children could feel safe in a decent area.

[quote][bold]thistlemad[/bold] wrote: Most of us know two or three people at least who bragged about how some "loan arranger" or "independant mrotgage advisor" got them this great mortgage deal. Problem is, most of them either lied about their income or the "arranger" inflated or massaged the income to get the mortgage. MOST I have NO SYMPATHY for. They are the ones who are first of all responsible for their own mess, and combined they are all responsible for the mess of the entire mortgage market now in conjunction with the banks etc. GREED is the sole reason for the state they are in. The "Everybodys making money in property" argument was always false and always had the danger of bankrupting thousands. I was lucky in that I bought my house 9 years ago before the price rocketed, BUT, we took out a straightforward capital and interest mortgage. After 25 years, no hassle, the house is ours. Our mortgage is less than a lot of peoples fortnightly rent!!! PLEASE believe I am NOT gloating at others misfortune, but we didn`t jump on any bandwagon, didnt buy our council house, and didnt buy a repossessed house for coppers at auction. We made a concious decision for the benefit of us and our kids. Also too many were caught up in the "made a fortune on our house" then had to take out a bigger mortgage to buy somewhere else to live!!!! Many were either stupid, greedy or at best badly advised.[/quote] have you always been a judgemental snob or is it something youve had to work at?, did it ever enter your head then NOT EVERYBODY IS AS WELL OF AS OTHERS! this woman has probably worked her **** **** of to keep her head above water she could (as tam had suggested) have been living in a crime ridden hell hole! can you imagine living under that kind of fear? so what her business failed at least she gave it a go, she took a bad situation and TRIED to turn it around and for that she deserves to be called "stupid and greedy" it sounds like you also need a lesson in employer politics! employers these days are utter b******ds! they have an opinion that they pay you £5.50 an hour therefore your not entitled to a pay rise not even if inflation rises there fore the cost of living goes up but the public cant keep up which has been going on for a good few years now, that coupled with energy prices doubling, and interst rate adding £40 to a mortgage payment per month every time it goes up half a percent! this ladies situation is all very simple to a least understand once you take your head out your ar*e! but then again we have folk like you who say there greedy and stupid for wanting to have what a lot of other people take for granted, which a decent home for her family.