The helps wages maybe?
Also you could inform your neighbour that the charity status the school no doubt holds has indirectly helped him out financially already
Popular West Country locations are often protected by S106 agreements where purchasers must be local (define) or not already be a homeowner. There are naturally various ways around this though
Skipton have this product, hopefully others will follow suit
https://www.skipton.co.uk/press-office/press-release-article?BlogID=%7B13A47958-66DB-4D1A-B686-F7BFCF3FD742%7D
Thanks for highlighting the typo I meant to write £360!
I’ve worked in the lending industry for 25 years and even back in 07/08 repossessions were an absolute last resort with the key de working with the borrower to restructure temporarily or permanently the mortgage be it rate, term, type...
We come off of our very low fixed rate in November but have booked a new 5 year fixed rate which will cost £360 a month more
We did have the foresight to plan our fixed rate maturity dates around life events. For example our energy fixed rate also ends in November but then equally our monthly...
As to comments regarding repossessions, I worked in the sub prime sector during the 07/08 recession. The lender absolutely will also do all they can to prevent repos particularly in areas of high concentration as neither party will get back the equity which will significant erode in a forced...