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Originally Posted by WHISTLED
Just found this thread - How right you were!
Watching Panorama now, and althought its not a nice thing to say some of these people (on the programme) deserve to lose their houses, one lady fell behind with her first payment and the experts say she never had a chance in keeping up!
The property decline is one thing and the banks have a responsibility but ultimately its your own responsibility to ensure you can can afford payment in the event of problems.
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Whilst I do agree with what you're saying, there was a time where nothing else matter apart from getting that foot on the ladder, some knew the risks and ultimately do have themselves to blame. But personal circumstances can change quite easily and quickly through no ones fault.
The one that was behind on the first payment, well I think some of the blame has to fall with the lenders there at least, why or how was she accepted is another matter.
I wouldn't want anyone to lose their homes as that must be terrible. But taking a mortgage is a risk, there's always winners and losers.