heretoreaditall2019
VIP Member
Remember when they were telling people to take mortgage holidays and put kitchen renos on their credit card? It’s bad enough giving out unregulated financial advice but then on top failing to disclose their circumstances is trash behaviour. Like yeah you defs can get away with a 20%+ APR on your kitchen when you inherit 6 figure sums from aunties or nans (can’t remember who paid for the extension sorry) and yeah it doesn’t matter if your next mortgage product is more expensive when you’re at 20% LTV.
Also on money - remember how interest compounds right? So if you look at the split between interest vs capital in the early years of a term it’s always more interest than capital right. Her parents haven’t just gifted her a deposit they’ve saved her from the decade+ of paying the high interest component of the mortgage.
I literally cannot stress enough how much these two should not be talking about budgeting to us.
Also on money - remember how interest compounds right? So if you look at the split between interest vs capital in the early years of a term it’s always more interest than capital right. Her parents haven’t just gifted her a deposit they’ve saved her from the decade+ of paying the high interest component of the mortgage.
I literally cannot stress enough how much these two should not be talking about budgeting to us.