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    They made a bad choice, buying at a bad time, did not get good enough advice and borrowed too much. In a way they were victims of the bubble that Brown floated on a sea of debt as he kept interest rates down too low for too long.

    I do not do mortgages though I once did. In the 2003 to 2007 period I lost count of the number of times I told people they could not afford to buy and not do so. Sadly not all accepted my advice and went off to a mortgage broker associated with an estate agent with a vested interest in making sure they got a mortgage to buy the property. I did contact the FSA and suggest that any links between estate agents and mortgage brokers should be broken due to a conflict of interest. I was naturally ignored.

    Anyway I wonder how much rent they would be paying over a period that would otherwise be buying them a property if they had the right advice at the right time.

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