RE: Evidently21 Jan 2020 19:22
BB
ER or a lifetime mortgage is an option for people with assets who , given that they have assets should consult rather than giveaway their bank sort code and a/c no.
It is a choice - for people with assets but insufficient income - to spend more than they have income wise.
Greedy bs always complain when their barlow Clows investment goes pearshaped. rate of return only for the greedy and they wanted compensation.
Dont want ER or Lifetime mortgage then sell up and rent -
Everyone makes an informed choice - who would buy leasehold? those that did not read the small print or could not be bothered.
A credit card is a charge card with penal interest rate. Why take one out unless u can clear the outstanding each month. Don't moan after the event.
Don't blame the institutions - just blame the politicians who seem to want to protect the many who took advantage of the things they should never have looked at.