👉 Okay, alright settle down now, let’s tackle this… frankly rather beige and aggressively sensible bit of modern-day financial bother. You want to know what I mean by the increasingly depressing mouthful called, wait for it...
"mortgage lending"?
Right, here's the straight goods. Essentially, mortgage lending is a fancy way of saying "borrowing a ludicrous amount of money to buy something that probably won’t massively appreciate in value and then spending the next 30 years sweating through your underpants as you slowly bleed it into a bank account. Let me unpack that, because honestly, the whole thing is predicated on an appalling degree of faith in the purchasing power of…stuff. Historically, you could actually own a house – now? You just pay someone to tell the government that you own a slightly more expensive rectangle of dirt. 30 years, roughly, until this system, which frankly reeks of institutional greed, finally spits it back at you as a payday for the lenders and a very slow-moving financial sentence for the undersigned. The word itself? Comes from the original act of pledging your property – a mortgage, hence the combined mess. You pledge that, if you stop paying, they get to come in and take what’s yours! It's basically saying: "Here's anthing of substantial financial value, I will give my word it is returned upon payment; should I fail, this thing is
