on an interest only mortgage

a1ex2001 · 26 May 2017 at 11:04

Psycho Sonny said:
LMAO no chance

they knew what they were doing it's in the name "interest only" mortgage. there is no chance they get them paid off for free.

PPI is money they paid back plus interest. this is something completely different.

Don't count your chickens something will kick off in this area just like endowments it might not be as easy and straight forward as PPI but it will happen!

theone8181 · 26 May 2017 at 13:24

a1ex2001 said:
Don't count your chickens something will kick off in this area just like endowments it might not be as easy and straight forward as PPI but it will happen!

I just dont see it tbh. The clues in the name, anyone who doesnt understand is an idiot (that might get asterisked out).

a1ex2001 · 26 May 2017 at 14:02

theone8181 said:
I just dont see it tbh. The clues in the name, anyone who doesnt understand is an idiot (that might get asterisked out).

90% of PPI wasn't really miss-sold either and it hasn't stopped that game going on and on and on.

EddScott · 26 May 2017 at 15:42

I'd be stunned if the FCA initiate an Interest Only miss-selling scandal on mortgages. Would make PPI appear small change.

I have two interest only mortgages on rentals - both quite accidental. One has about 15 years left and the other 23 years. Not hugely bothered as I have them to boost income rather than increase in value.