Summary
Not so long ago, it was a gleaming Mercedes in the drive, a bubbling hot tub on the garden terrace, or an Aga stove in the kitchen. Now the ultimate status symbol is a mortgage-free lifestyle.
A survey by HSBC Bank, Britain's ninth largest mortgage lender, says seven out of 10 homeowners are so impressed when friends say they have paid off the mortgage well within the usual 25-year repayment period it can be a "dinner party conversation stopper".See the full content of this document
Extract
It Pays to Get Rid of Mortgage Early
Two-thirds want to know how they managed it - and only 6% think it's a waste of their friends' money.
Nearly a half all homeowners feel envious if they find out about their neighbour...See the full content of this document
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