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Post by atlex on Jun 30, 2022 8:58:28 GMT
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Post by atlex on Jun 30, 2022 9:52:55 GMT
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Post by atlex on Jul 4, 2022 8:38:42 GMT
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Post by atlex on Jul 5, 2022 9:56:17 GMT
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Post by thruxton on Jul 5, 2022 11:41:47 GMT
Can’t honestly see the problem here.
Multi generational mortgages are a good idea. They are NOT compulsory and in fact, if you structure your mortgage so, they already exist in the UK.
Regard. Rich,
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Post by atlex on Jul 6, 2022 11:26:18 GMT
Can’t honestly see the problem here. Multi generational mortgages are a good idea. They are NOT compulsory and in fact, if you structure your mortgage so, they already exist in the UK. Regard. Rich, Might help families stick together also :-) Looking at the upsides
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Post by thruxton on Jul 6, 2022 13:28:27 GMT
My next door neighbour was on the deeds of her mothers house. She was a lot younger than her mother and she also has four children.
Her mother sadly died some 14 years ago. Because she was on the deeds and kept paying the mortgage she still enjoys a roof over her head.
There is no way she could ever have obtained a mortgage at any time during her life. Due to the ridiculous terms of a mortgage. Her mother obtained the mortgage and then later on she was added to the deeds.
If this had not been so then the State would again be picking up the cost of housing her and her four children. And she would be living in a house not suitable for her and her four children. So long as the mortgage is paid then the mortgage company don’t care, why would they?
Also for ordinary situations the same logic would apply. The length of the mortgage is set and the terms applied. Nobody cares who pays, so long as the terms are met.
Rich.
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Post by atlex on Jul 6, 2022 13:57:07 GMT
I think my point is more related to kids who aren't over the age of consent. 50 years implies a lot of age in both directions.
I was on the deeds/mortgage for the best part of 20 years with my mother, but that was after I was 19.
Still, and this is a larger scope thing, but surely there is something else is critically wrong if people are even thinking of 50 year mortgages.
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Post by thruxton on Jul 6, 2022 18:11:35 GMT
I disagree. I think it’s a great chance to restructure the whole outdated mortgage system which frankly is not fit for purpose any longer.
Why is 25 years better than 50, or, as older people can acquire, a mortgage for life? I believe it is not.
I would happily have taken a 50 year mortgage. The option to sell and move away from the contract is there.
We live in an ever changing world, evolving if you will. If we do not change, then the status quo remains and this no longer works at any level.
Rich.
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Post by atlex on Jul 7, 2022 8:39:25 GMT
way too clever.
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Post by dadbif on Jul 8, 2022 11:12:22 GMT
In days or yore cars and motorbikes had central lubrication systems. .
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Post by lowender on Jul 8, 2022 16:07:20 GMT
In days or yore cars and motorbikes had central lubrication systems. . Some of the trucks I drove in the 70s and 80s had this. Made by Tecalamit I seem to remember.
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Post by atlex on Jul 11, 2022 14:16:12 GMT
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Post by atlex on Jul 12, 2022 20:39:26 GMT
Surprisingly English Accent.
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Post by zoona on Jul 12, 2022 20:52:24 GMT
We have been trying to learn a bit more about American accents, and there is a bit on the coast that sounds just like the south West of England...
About 13:45 on the video.
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