October 2012

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  • The ideal financial make up

    Mortgage – affordable monthly payments and with equity in the property, minimum 10% equity. Credit cards – cleared in full every month. Credit card debt is expensive and should be used in emergencies only. Loans – taken where essential only and paid on time via direct debit (much better...
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  • Interest only no more

    I feel it is just a matter of time before interest only mortgages are phased out altogether (for residential mortgages, not buy to lets) which is a terrible restriction on our freedom to manage our finances. Fair enough for high Loan To Value (LTV) mortgagees, where building up some equity is impor...
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