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When 58-year-old School Caretaker Paul Linsdell was 23 his son Bradley’s age, he was a self-employed builder who had been living in his first property for nearly a year. The three-bedroom house had a mortgage of £26,500. Paul had saved for 18 months to afford the £500 deposit needed for the £27,000 property, and he had no help from family. Paul now lives with his wife and three of his four children, including Bradley, in a semi-detached four-bedroom house in the village of Comberton, south Cambridgeshire. Paul...

says: “When I took the mortgage out, the interest rate was 8 per cent. I was paying about £200 a month in mortgage repayments – maybe a bit more. “But within the same year, over about 11 months, it jumped from 8 per cent to 16 per cent. A lot of people lost their homes because of that.” CLICK HERE to read the full story on the inews news website.

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