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Old 18th April 2008, 11:42 AM
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Re: This is the future of LFC under Hicks

Quote:
Originally Posted by Dirk View Post
If you don't keep up the repayments on your mortgage then your house might be repossessed. Stunning piece of journalism by Olly Kay.
basically it's an interest only mortgage, the cheapest way to borrow but you still owe the original amount. the chavs did this and were fucked as the original loan was due just after the billionaire took over
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