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House prices
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plus how do pensioners get BTL mortgages with no income but a pension
a lot of retired people (especially those who have worked in public sector jobs), have very healthy fixed incomes eg retired teachers, police officers, firefighters, nurses etc . As far as banks issuing loans are concerned, these people are ideal - good, solid fixed incomes for life and are unlikely to default |
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Hmm yes that makes sense Emden
My Aunt & Uncle are exactly that , both retired teachers with hefty pensions , but they don't seem the slightest bit interested in getting any richer , all that interests them in their next Holiday |
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they'll lend to anyone on a BTL ,i call it a sandwich loan - a bacon,lettuce tomato .
they scoop more interest |
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Do you reckon they'd lend to me then Coach
own my own flat outright 100k house with 35% Deposit No Fixed Income But Rent would easily repay the loan  |
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i'd imagine so = they were prepared to lend to a social failure like me even after i told them i gambled regularly and had no hope of ever finding meaningful employment
 they seemed more interested in secured assets tbh |
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Sod it ... I'm In Then
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buy a few - it's only money
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May as well get a new car while I'm at it
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