Normally a young couple would have benefited from salary increases, which would make the repayment mortgage affordable, especially as they would not have to find money they needed three years ago. In some cases, if they had major salary rises I would look to reduce the term to 20 years or less, assuming they agreed it was affordable. What is wrong with that scenario Mr O’Donnell?
I would attend any court in the land to defend my position that what I did was right for those clients and their circumstances at the time. And I never sold PPI or endowments and our mission statement in June 2000 stated we would always treat clients fairly, so we thought of it before the birth of the FSA and told it so when it came to inspect our records.