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I agree with all of this, and I’d argue that it’s even worse as I very much doubt anyone gave good advice to most of those people before they took out those mor

I agree with all of this, and I’d argue that it’s even worse as I very much doubt anyone gave good advice to most of those people before they took out those mortgages. I mean, sure, some of us know better - but that’s probably because someone along the way made it clear in very stern terms that you never sign anything you don’t fully understand.

Neil44 4y ago
When you take out a mortgate now they do an affordability check which includes checking if you can afford the repayments if interest rates spike up, it's spart of the shpiel they have to go through.