Rent To Buy UK

I have just abseiled off the water tower to raise funds for Julia’s house.
Yeeeeeh cool and fun

What a great day. A swim some shopping, and a new contact. Another book sold.

Yesterday I read that £24.5 billion has been paid to mortgage providers buy homeowners in this quarter.

I find it strange to comprehend why anyone would want to pay large sums of their hard earned cash back to the banks.

• Do they not know that the banks need their cash?
• That by giving the banks their cash they are going to raise the interest rates.
• Do they not know that the banks have no money.
• That by giving them their money the banks will restart the cycle that put the country in the mess we are now in.

Without wishing to sound condescending I am asking anyone who reads this to go to UTUBE and watch the short videos that show how the banking system started.

I googled: money is the new form of slavery Woodrow Wilson this will bring up the video.

If you are thinking of  paying off  large sums of money from your mortgage.

Might I suggest you do some homework first.

1. Contact your mortgage provider and ask how much your mortgage will go down based on how much you pay off in the next 6months. (assuming the interest rate stays the samein the next 6months).
2. Then ask yourself. Can I manage the new payments if the interest rates go up?
3. What if I put the money somewhere else and  see it growing for myself, how is that going to make me feel?
4. Will I then have the extra I need to pay the extra I’m going to need when the banks have the money they need to start lending again and the interest rates start to rise?

I have found over the years that by paying  £5/10,000 off my mortgage I have only been at the higherst point £50 per month better off.

Capital growth on my home on the other hand has continued to rise at 11.3%  as it has done since 1946.

Jools x