Over the last few days, I've read a couple of articles complaining about the demise of printed newspapers. With circulation rapidly declining and advertizing revenues evaporating, Journalists fear that their days of gainful employment are numbered.
I was almost ready to shed a tear into my morning coffee, when this disgraceful article from the Independent crossed my screen. It reads suspiciously like paid advertising for share to buy mortgage products.
Three is not a crowd as far as Danial, Wesley and Sian are concerned. The first two are life-long friends and Sian has been Danial's partner for a year. Together, they bought a two-storey detached home in North Wales recently for £215,000, making the purchase after they had rented the house next door. They had realised the mortgage payments would scarcely be different to their rent and so decided to use Sharetobuy.com to help them find a loan.
Danial says there were difficulties at first: "The process was slow due to the constant interest rate changes meaning that mortgage products were hard to pin down." Persistence paid off, though, and they were able to secure a 90 per cent mortgage from Royal Bank of Scotland with a deposit of £35,000.
The Independent desperately needs some editorial control. Property prices have taken a determined shift southwards. Therefore, property ramping articles, like this one, are extremely misleading.
If the Independent can't produce anything better than this rubbish, I would be very happy to see them go under.