Thursday, August 24th, 2006 at 12:02 pm
Buy a house and never own it?
A new type of mortgage has been introduced which has no requirement to pay it off. The Kent Reliance Building Society has announced what they call an “Inter-Generational Mortgage” It’s an interest only mortgage with no repayment date. When you die you pass on the house and mortgage to your heirs and they can choose to sell the house and pay off the debt or just continue paying the mortgage.
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Tuesday, August 22nd, 2006 at 4:52 pm
It may seem strange to put credit cards, drugs and alcohol all in the same sentence but there are many similarities.
All three cause addiction and abusers of each will do almost anything to continue feeding that addiction. All three can cause serious harm to the person involved if they are allowed to get out of control. All three have the potential to destroy what you may think of as normal life though only one is illegal.
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Friday, August 18th, 2006 at 12:10 pm
A report from the Department of Trade & Industry informs us that they expect Bankruptcies to increase by nearly double by the year 2009. This is in a period of assumed general good financial health for the country.
People don’t go into bankruptcy lightly and it is a worrying statistic. It would seem that there are two particular worries here.
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