The Housing Trap
How would you feel if the council started to build houses close to yours, at a similar standard to yours, but let out at half of your mortgage payments?
When you sell your house you will not get what you paid for it. You will be in a state of “negative equity”. Due to the stupid way our banks work you will find it difficult or impossible to move house. Even if you have to move house for a better paid job to pay your mortgage! Read more