Vince Overson - mortgage troubles

[pompeyclaret]

Shocking on how expensive some mortgages are for people with failed/ old banks with people trapped paying these rates.

Sure current players earning alot more and shouldn't be in a similar situation (baring some bad financial decisions).

https://www.msn.com/en-gb/money/other/i ... 42d2&ei=35

[Big Vinny K]

Shocking and the very worst of the industry.
Effectively pyramid selling of debt but because they came up with their own fancy financial terms like securitisation, derivatives, sub prime, peer to peer, syndicated lending etc etc they think it legitimised these shocking practices when the instigators should have been sent down for long prison sentences.

In that whole banking crash and and the millions of lives around the world that were ruined only one person went to prison.

[Billyblah]

Reading the article, they agreed to a mortgage in 2007 at 6.59% which from memory, was a rate quite a bit higher than high Street banks were charging at the time.

[Spike]

Still much less than the interest rates Pace pays on a much much larger sum of money