Upside Down Mortgage

Government Mortgage Help Uk

Question: (UK) Are mortgage repossessions a cynical ''stay rich ploy'' by Fat Cat bankers?

Houses are being repossessed at super quick speed despite the government hand wringing and pleading.
Many repossessions are taking place after only one month arrears (according to the Media).

Perhaps there is a chance that Fat Cat Bankers are forcing the repo's so that their agents can buy cheap at the auctions, thus ensuring an income during the fallow years for fat cats (if there is one).

I've just slapped my wrist for being so cynical.
Hey Old Dude.

These Fat Cats are asset strippers, they don't care a damn if their banks die in the preocess. The whole idea is to defraud the bank they are in charge of, buy the houses as a hedge and dissapear until they become ''considered legal again''.
You answer only holds water if the these Fat Cats have scruples. Is'nt there a £2-3 billion fraudster on the run now, no police force can find him. Except he is living so openly there are daily press photographs of him enjoying himself.

Answer: In my humble opinion you may be hitting the nail on the head I have placed a question myself in =news and events= referring in part to that possibility my question is headed =house repossessions the recent advice for a local council state a substantial increase on existing council taxes and an increase in water rates that are in many peoples opinion already far too high. what do you think chum, but a good question from you

Dell's Profit Falls; Havas' Net Rises; Bouygues's Profit Rises; Lagardee Profit Rises; Solaria Reports A Surge In Profit; Blanchflower Warns 2 Million May be Out Of Work; U.K. Consumer Confidence Remains; U.K. Government: To Propose Mortgage Help

If you're new around here, you might want to subscribe to our Upside-Down Mortgage RSS feed. It's quite likely the only feed of it's type on the internet!