27-06-2018, 08:23 AM
Homebuyers lose their life savings on luxury flats not built
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09-07-2018, 04:32 PM
I might be wrong but this isn't P2P funding, it is off plan sales to a dodgy developer, not sure why its on the forum apart from warning about off plan sales.
09-07-2018, 08:54 PM
(09-07-2018, 04:32 PM)stemoss004 Wrote: I might be wrong but this isn't P2P funding, it is off plan sales to a dodgy developer, not sure why its on the forum apart from warning about off plan sales.The post is in the general section. The same as the jokes thread below, which I'm sure we can all agree also have nothing to do with p2p; That's the whole point of this part of the forum.
21-07-2018, 07:51 AM
Here is another and much more common way to lose out financially, the impact on house prices may be felt soon as far more people find themselves in a similar position. So much for IFAs, pocket the commissions and move on to the next victim.
A bad deal for borrowers, but buyer beware and don't keep your head in the sand about the eventual capital repayment. A lot of distressed sales coming to market soon maybe? https://www.bbc.co.uk/news/business-44851363
PLEASE NOTE : My opinions are of a personal nature. I am not a professional financial advisor. My observations and views should not be taken as advice. I accept no responsibility or liability for the accuracy or completeness of any of the information in my posts.
21-07-2018, 01:16 PM
Feel like I'm being incredibly hard-hearted, but ...
With them both being self-employed, they really should have protected themselves better regardless of to what degree they were 'mis-sold' their mortgage. Where was their Critical Illness cover? Or Income Protection cover? And what happened to the PPI that they were surely 'mis-sold' on this mortgage? This article is shoddy, sensationalist reporting of the type I'd rather not see on the BBC. (eg: No mention of SMI or why the couple aren't eligible.) No wonder the 'Comments' section isn't enabled.
21-07-2018, 02:19 PM
(21-07-2018, 01:16 PM)zappa Wrote: Feel like I'm being incredibly hard-hearted, but ...Completely agree. People have to take some sort of responsibility for the decisions they make. It can't always be mis-selling and someone else's fault. They self certified a loan they couldn't afford (ie they lied) and claim they didn't realise the money was a loan and would have to be paid back? Banks don't half get some unfair press sometimes.
21-07-2018, 03:32 PM
(21-07-2018, 02:19 PM)bg Wrote: Completely agree.I wonder what the IFA recommended. |