Surprised at that, I let my endowment run till the end and an unconected to the deal financial advisor said compared to what I had paid in the return wasn't too bad. Obviously more could have been made but at a higher risk.
Like lots of others I took out an endowment/interest only mortgage in the 80's - the sales pitch was easy then, endowments were doing really well, you were told that there would be plenty in it at the end of the 25 year term to pay off your mortgage and buy a swish car and luxury holiday etc with the remaining cash from the endowment (all the while failing to mention that investments could just as easily drop); after awhile the forecasts on my endowment became less optimistic and I transferred my mortgage to a repayment one, all the while keeping my endowment going as an extra bit of savings. After the 25 yrs my mortgage ended, I cashed in my endowment (which wouldn't have even nearly paid my mortgage off) and took extended family away for a holiday with it.
'Mr and Mrs Fleming, who live in Bilton, bought their property in 1987 and borrowed £198,000 from Northern Rock on an interest only basis'. The average house price in 1987 was £39k, not sure how they managed to spend £200k in Bilton, it's the equivalent of buying a £1m house today.
It was 1987, country was awash with borrowed money, but yes, £198k loan on a house on Bilton Grange .
my family are from Bilton Grange…I’m pretty sure the average house price was £15-20k back then I remember my grandad buying his council house for £6/7k & he felt like a millionaire as he owned his own house. my parents still live on Bilton grange…I’ve tried to buy them a place somewhere else, but they will not move
To be fair it's Bilton not Bilton Grange, but back then 50,000 would probably get you the biggest in the village.
Anybody on here watch streams on ‘cricfree’? Seems to have disappeared, it’s happened before then reappeared later.
Anyone watching a really excellent documentary on Linford Christie on BBC1... the **** this man had to go through, especially at the hands of the press... If you missed it, I urge you to watch it on i player...
So, went to see Louise Atkinson last night. She’d done a new script for the Edinburgh Fringe next month, last night was its second outing so it wasn’t as polished as it will be in a week or so’s time. Quite funny, not overly offensive and not at all precious. She didn’t use Hull in her act and she didn’t play up the ‘northerner’ bit too much. Glad I went, would go again.
