http://www.italker.org.uk/2010/02/getting-back-the-bank/ Life, as seen from Bo'ness Sun, 29 Jan 2012 16:55:46 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://www.italker.org.uk/2010/02/getting-back-the-bank/comment-page-1/#comment-954 italker Fri, 02 Apr 2010 08:28:26 +0000 http://www.italker.org.uk/?p=2043#comment-954 Hi Chris Here is an interesting fact, I do know of a 70 year old couple who were given a mortgage about ten years ago. They never intended to pay off the mortgage. When the property would be sold the mortgage would be paid off. Ten years ago banks weren't thinking about negative equity. However like you I think the story may well be made up but it makes a good point. Hi Chris
Here is an interesting fact, I do know of a 70 year old couple who were given a mortgage about ten years ago. They never intended to pay off the mortgage. When the property would be sold the mortgage would be paid off. Ten years ago banks weren’t thinking about negative equity. However like you I think the story may well be made up but it makes a good point.

]]> http://www.italker.org.uk/2010/02/getting-back-the-bank/comment-page-1/#comment-952 Chris Thu, 01 Apr 2010 23:45:18 +0000 http://www.italker.org.uk/?p=2043#comment-952 This is a wonderfully crafted letter, and I share it's sentiments wholeheartedly, but, if we are to believe that it's true, we must also have to believe that a 98 year old woman has a mortgage, which means she must have taken it out at the age of 75 ish years. I'm not sure many banks hand out mortgages to 75 year olds, But I would love it to be true anyway. This is a wonderfully crafted letter, and I share it’s sentiments wholeheartedly,
but, if we are to believe that it’s true, we must also have to believe that a 98 year old woman has a mortgage, which means she must have taken it out at the age of 75 ish years.
I’m not sure many banks hand out mortgages to 75 year olds,
But I would love it to be true anyway.

]]>