Hush, Hush…
Likely the highest value note any of us will have seen is a £50, but did you know £1m and £100m notes actually exist?!
31. They Really Don’t Want To Go To Court…
If you have missed mortgage repayments then you might have received letters from the bank and maybe even their solicitors.
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Although they will threaten you with court action, this really is the last thing banks want. It’s expensive and in the end they’re left with a property that they really don’t want.
32. They Don’t Want To Repossess!
Just like they don’t want to take you to court, banks also don’t want to repossess your property.
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They fear being left with a potentially vandalised property that is then difficult to resell.
33. The Business Of Making Money
Banks really aren’t interested in property, they’re interested in making money. It costs them to hire people to sell repossessed properties and very often the properties fetch 20% less than their true value!
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