GreiginFife
Money List Winner
Point is he was very ill at the time and taken advantage of imo.
The selling of the garden for example would say devalue their asset by what 50k? At a push .. it's a big garden it wasn't much land
So with the houses out of control what would be wrong with a small hit of the profit when they have more than made their investment
My pension fund is on the verge of being taken away by greedy MPs so I have no idea ?
Sorry, but your grandad, as sad is it is that he was very ill, entered in to a contract with the bank willingly. Whilst I appreciate that your view is tinged by the fact that it's emotive for you, the bank did not "take advantage". They sold the same product (equity release) that they would to anyone that applied and was accepted. The terms are the same.
We can only speculate what the impact to the value would be with selling part of the land (reducing the holding) and then also having MDOs next door. Both of these affect the value so the bank took a risk based view. Again, I appreciate that it has more of a personal effect to you and it's not an objective view of the scenario.
Anyhow, we are now way off topic, my point stands that fuel bought under contract months ago being sold at real-time increases is properly crooked practice.