Rat and Mouse
Fri
08
May
Man spends equity release cash on Bollinger and Mercedes... shows face on BBC website
"When you hear people talking about how they used their house like a cash machine, you're probably looking at me," says Mick. "We were living the high life. We ate out well, we got bottles of Bollinger. I should have known better. We treated ourselves to a silver E-class Mercedes."

I suppose that's the value of the license fee... the BBC has the resources to uncover proper, top-notch idiots while the rest of us have to make do with hear-say or, at best, D-list idiots. This one - after losing work and consolidating his debts during the early days of the crisis - ended up with a £250,000 mortgage, negative equity and a Champagne headache. Stay tuned for the BBC's Propertywatch programme (May 11-14, BBC 2, 8pm) for more.

Technorati Tags: ,


Please feel free to comment on this entry







 


POSTCODES
THANKS TO
ENTRIES BY MONTH
ABOUT
UK PROPERTY RESOURCES
US / INTERNATIONAL PROPERTY BLOGS
LONDON BLOGS
CREDITS
Publisher Editor Technical and Design Hosting Software