Does the government want you in a lifetime of debt
You must have thought of about your future life, enjoying and having fun with the members of your family, exploring the whole world, mapping the whole city road in your own car. One thing is for sure that you would want think of yourself making the payment of the loans that you might have taken off but this is what housing ministers Grant Sharps think that you should be going in your future life.
He in a recent seminar in London said that today the world is full of uncertainty and the people do not know what they actually want from their life and what their situation is. He feels that they have very less of options as far as buying a house is concerned, that there are not much of alternatives as far as mortgages are concerned. He feels that there are less of options where the duration of payment is long, at the most there is a deal that is of five years.
He then adds that mortgage deals that has a long duration, as long as that which can stretch up to 30 years should be devised out. He feels that such kinds of deals would help the home buyers whose budgetary situation is not very strong as they would know where the stand while they are buying a house. They would be able to repay suitably. Apply with 12 month bad credit loans @ http://www.12monthbadcreditloans.co.uk/ and get instant funds for your debts.
Not many people feel the same and most of them feel that such kind of long term deals with fixed-rate mortgage is a bad idea. They feel that it is not a practical thing at all as well as it is not at all practical at all. Such kind of a long term deals were earlier also introduced into the initial years of 1980's but after seeing the data provided by the money lenders, it was seen that such kinds of deals were a complete flop in spite of their competitive rates of interests. If you would have taken up a fixed -rate deal of mortgage in the month of November in the year 1981 then till date you would have almost around paid off 15 percent of amount in the form of rate of interest decided by the Bank of England. If you want to change this thing then you would have to make the repayment whose amount would also be quite huge that is not in your interest.
Published by Thom Lee on March 14th 2012 | Loans
Published by Sandra Jeux on February 20th 2012 | Loans
Published by Ashish Pandey on January 16th 2012 | Finance
Published by Elissasmith on June 29th 2012 | Loans
Published by Jackfox on May 23rd 2012 | Loans
Published by Calvien Peter on November 30th 2011 | Finance
Published by Alexander Thomas on December 18th 2011 | Loans
Published by Sandra Jeux on March 1st 2012 | Finance
Published by Stevemartin on December 10th 2011 | Loans
Published by Galvin Colton on July 20th 2012 | Loans
Published by King Loothar on December 15th 2011 | Loans
Published by Alexander Thomas on November 26th 2011 | Loans
Published by Stevebavaro2011@gmail.com on March 9th 2012 | Finance
Published by Johntygolf on November 26th 2011 | Loans
Published by Angelina Jolie on May 25th 2012 | Loans
Published by Riyt Leson on April 13th 2012 | Loans
Published by Moon Thomas on January 26th 2012 | Loans
Published by Lily Jacobs on March 12th 2012 | Finance
Published by Jack Cook on March 15th 2012 | Loans
Published by John Simen on June 12th 2012 | Loans