I have Savings on deposit + Tracker Mortgage on Inv. Property. The savings will go a long way to pay off the mortgage if needed.
After Morgan Kelly in the IT today I am worried.
If the state takes my savings (has it ever been done) and offers to pay me back over 10-15 years then this loss will take away my nest egg that makes my Inv. mortgage less worrisome (in a pinch I can pay most of it off) and leaves me with a no savings and a large mortgage.
Is this Savings grab a possibility?
After Morgan Kelly in the IT today I am worried.
If the state takes my savings (has it ever been done) and offers to pay me back over 10-15 years then this loss will take away my nest egg that makes my Inv. mortgage less worrisome (in a pinch I can pay most of it off) and leaves me with a no savings and a large mortgage.
Is this Savings grab a possibility?