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Cheers, the whole notion of NIR’s puggles me, so what world do we have to live in where I’m getting regular cheques from the bank...?!
This actually happened once. In the crazy sub-prime pre-Northern Rock times people could get mortgages that tracked the BoE base rate, knocked a couple of percent off and no floor because the rates were circa 12% when they took them out. With 5 or 10 year fixes. Then the crash happened and because mortgages are front-loaded with interest repayments people like my mate Paul, who totally overpaid for a new-build in Walthamstow, was getting money from the bank every month for quite some time.
bq
Cheers, the whole notion of NIR’s puggles me, so what world do we have to live in where I’m getting regular cheques from the bank...?!