Owning your own home

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NickCJ in reply to @Hefty

It’s mental, but in 2009 there were plenty of folk who were paying variable rate who couldn’t remortgage on to a lower rate even with the same lender because they in theory couldn’t afford it, despite the fact it would bring payments down.

These are the same folk that had l̶i̶e̶d̶ ̶a̶b̶o̶u̶t̶ self-certified their income, right?

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aggi in reply to @NickCJ

Or the price drops had left them in negative equity so they couldn't remortgage. Happened to lots of people outside London.

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