That one family had the opportunity to own their house clear for £40 grand but instead of throwing themselves into paying it off, they repeatedly remortgaged and dug themselves deeper and deeper into debt.

The locksmith smiling while talking to the camera crew and bragging on how many evictions he has a day is absolutely vile ! He’s laughing looking at people getting their lifetime possessions in a damp driveway. No empathy whatsoever

£40k council house purchase and they ran it up to almost 150k? They have no one to blame but their own stupidity. They could have lived in that house. Fixed up a kids room first. Then as they afford it, fix up another one. 40k for a house and they owe 4 times what it sold for. Unbelievable. They can't handle money or finance.

Bit ironic, the family in Lincoln, he works in finance yet he himself is in debt, you cant exactly advise customers with their finances when you're down the pan.

I hope these families are in a good place today.

That guy threatening the council and demanding someone support him and his family is the epitome of English entitlement.

Because so many people overpaid for homes even while loan rates were low, I believe there will be a housing catastrophe because these people are in debt. If housing costs continue to drop and, for whatever reason, they can no longer afford the property and it goes into foreclosure, they have no equity since, even if they try to sell, they will not make any money. I believe that many individuals will experience this, especially given the impending mass layoffs and rapidly rising living expenses.

Madness that in 15 years nothing has really changed.

I feel very sorry for them . I wish these people all the best . So sad for the children involved .

The young daughter should not even know about mortgages and bills. She should be protected from this worry 😖

Unfortunately it’s not your home until you have the deed in your hand.

The couple losing their house in a week look at all the stuff those two kids are packing up was all that necessary maybe paying the mortgage would have been a better idea. They bought the house at 40,000 and kept remortgaging till now oweing150,000. Such an irresponsible couple

When I see all the toys and household goods in these homes I can see that spending on goods is a contributing factor for these families

It's really sad to see a grown man, with a wife and three kids, demanding that someone else "should have" found he and his family somewhere to live because he couldn't pay his mortgage. In almost every country in the world they would simply be chucked out on the street. The reason somewhere wasn't found earlier was no doubt because people *already on the street* needed the accommodation. The sheer entitlement in the way he talks to them disgusts me. Does he think he and his family are the only ones in need of assistance?

“I know he’ll look after me” why is it all on him?!

a specialised lawyer reading any contract and especially real estate property. Dont re-mortgage to do up the bathroom etc if you really cant afford it. Save up for things instead.

I have been thru the same situation twice and all i can say is , things always will be ok , ur health is ur wealth

Our family disintegrated after they lost their home. It took many years to reach a normal existence. The family was never the same. I feel for these people. Many of us have lived thru this. This was Well before even the last debacle. So Many have NO idea what is going to happen to many:( so many people will break down mentally:/

Wow, so sad there is no extended family to help. My Grandma Hilda always took in family in situations. She would say you may sleep on the floor and we may have more potatoes than meat in the pot but we will take care of each other.

I just got rid of all my credit cards, and no more buying anything unless its really needed. This docu really scared me, woke me up to be honest.

I've watched this documentary 3 or 4 times over the last decade through different periods of my life and everytime I watch it I feel different things and similar things. This documentary is raw and well done. I will be rewatching this 3 years from now.

This is exactly why they should teach budgeting skills in school, when your a nipper.

I begged borrowed and stole to pay my large mortgage off 10 years early. I owned the property at 40 yrs old. Best thing I ever did.

Do with less and never over stretch your income

Theresa has had to go out to earn money. Staying home is a luxury. Why would a couple with increasing financial needs indulge ‘staying home’?

Gosh I just pray for the mental health of everyone going through these things..stay strong ❤

Don't forget that losing a rented, much appreciated place can be traumatic, as well.

There’s no such thing as a housewife when there are bills to be paid..

2023: Have your property repossessed and then find yourself in the private rental market where the monthly rent is even higher than the mortgage you were unable to pay.

Unless you have lived thru being kicked out of your home, you never truly understand:/ It sucks. But , you can persevere.

I don't understand the 2 women who didnt go out and get jobs themselves. Even just part time when the kids are in school. Why is it only on the man?

Going into the court, unprepared, without any sort of plan to show the court is as ridiculous as taking out a fixed rate and not researching what will happen when the fix rate expires. I'm afraid that this guy is not the sharpest tool in the box. Also, it's not the Councils fault, and how does he expect to get any help if he's swearing down the phone at them?

For the lady who was going out with Alan - I would say never shack up with someone who has bad money management, poor credit, high debt. It’s a disaster waiting to happen, been there worn the t-shirt. Let them get themselves straight first, them make the move, not before.

We need to keep on praying for families

He's blaming the council but it's not their fault

I pray that each family learn and grow from the errors and teach their children what not do.

Hope their lives have changed for the better.

If they had kept on renting from the Council, rather than buying their Council home, they'd of been safe.

Wait - you added £110k to the mortgage but only have £17k in your ‘pocket’ I thought it was to do the house up? And as a builder that should have been done pretty cheaply??

So sorry for these people - "You shall own nothing and be happy" - Santa Klaus Schlobb.

She's got the PERFECT Princess Diana hair !! Absolutely stunning !

Abusing the council on the phone will hardly help

The women not working is surprising for those that didn’t and the one large, combined family had kids that looked old enough to mow yards, etc.

You better find me somewhere to go???? Hold on, that’s your responsibility as an adult! And stop your windy threats

How do you go into a court date with no repayment plan and expect them to give you more time

i felt sorry for people in 2007, 8 2008 but mortgages are the biggest financial risk we will ever take and we need to be prepared if we can't pay them.

It’s very sad to see people going through this

My heart breaks for these families.

Fixed rates shouldn't expire. That's so unfair for the average family. Only benefits the bank or lender.

Heart breaking for those families. I disagree with the Father of one family telling his young children what is happening to them. Children should be protected and not made to worry about adult money worries and possibility of losing their home, that was very wrong. Let the parents do the worrying not little children.

Not having money , and Losing your homel is stressful. I'm retired in Danbury, CT, and have gone through my stock money in 8 years. Now, I'm on a fixed income and living on peanuts.

Actually if you are smart you do read all the fine print in a mortgage or remortgage contract. I would also have an attorney there. They borrowed too much. Also the two women who dont work look like their children are school age and can work during school hours.

So so sad for all involved 😔 "altho the locksmith who on average does 30-40 convictions every day didn't seem 2 have any compassion at all, a smirky smiley face" shocking

I'm watching this documentary just to improve english listening skill. Tim and tracy are doing just fine. It looks like they go through the diffficult situation after all. They are liveing in same house. Now they are doing healthy and wealthy. I checked FB.

The very same scam happened to lots and lots of Americans too...ajusted rate loans.. at subsidised rates... clearly a mistake on the lenders and borrowers ..but shameful of the lenders to sell people Subprime mortgages to them.. home loans accessible to borrowers who had low credit scores and a higher risk of defaulting on loans..These "subprime borrowers" were allowed to take out adjustable-rate mortgages with low starting rates that would increase after a few years..Financial firms sold these subprime loans to large commercial investors in pools of mortgages known as mortgage-backed securities..& then..By the fall of 2008, borrowers were defaulting on subprime mortgages in high numbers; the collapse of the financial markets and the global Great Recession ensued... Banks got bailed out while the deed holders got kicked out

They all seem to have missed the memo about the value of property and loans may go up as well as down! One can't read and write very well! Good god he was old enough to have learnt by then. The other remortgaged several times without a clue what he was doing. They could have owned that place outright and then done it up slowly. But everyone want's things perfect at the start. No sense. And just look, they keep money for bills in mugs and jars! It is a terrible shame for all of them. But they don't help themselves until it's too late. Our education system has been terrible at teaching people vital life management skills.

This was 14 years ago, how much has changed since then? Other than we’ve now imported millions more people (and that’s just the legal ones), the banks have got worse, if you can find one that is, and house prices have gone up. I despair for people these days.

The children should not have to bear the burden of the parents. This should not be the children's problem. Of course they are affected, but let them be children. They are older parents. What bad choices have they made?

Adjustable rate mortgages are the absolute devil. I don't know why anyone would agree to one!

One of the problems is that when people take out a low start mortgage, they either don't research them, or ignore the fact that the payments will go up by a large amount when the low start ends. It was pretty much the same with endowment mortgages, and other mortgages which appeared to be offering a 'good deal'.

I am 72 No matter what I have never missed a payment I would starve before I missed a payment To day. I own my home

where are the parents? I'm a firm believer in doing things for oneself and not being reliant on your parents, but if my kids called up and said "we're gonna be homeless within a month" I'd help and give them a bailout - the first time

The true crime here is how old mates PC is 😮. But my heart goes out to these folks 😢 I pray God for all ❤

I’ve bought several homes in my life and been tempted to use ARM loan but those loans always scared me

Talking to the council like that as if it’s their fault

18:17 Oh Tim, you kept taking equity, had to get the free money out eh. Well...

You’d think the Mortgage lenders would find some solution to this rather than eviction! All the costs that go in , they need to look at how they can help these people.

I feel for these people

I moved into a one bedroom duplex with my teenager. I gave him the bedroom. I'm so happy. Everything is ours. This is our own space. If i wanted to get a two bedroom, the rent would be a lot more. Its a lot more now. But the area is so much better, safer,etc. I'm not getting into debt. I have a handle on my budget. And savings. We had to move in a two weeks time. Our landlord was a pos.

Mortgage means Death Grip. Mort = Death, Gage = Grip. One needs to think deeply B4 taking on a death grip.

Can't Tim sell his Yamaha motor cross bike to stave off the pending disaster thats got to be worth at least three grand any day of the week ?

A mortgage broker with poor money management skills….😬

When your stuff is tossed by the sheriffs, it is just thrown out on the curb. Some will steal things much will just be left because it simply can’t be dragged with them:(

Good luck to all of them. Best wishes. xx

Sounds like they got an adjustable mortgage. Always, always get a fixed rate mortgage. If you can't get a fixed rate, then you probably can't afford it. Also, only buy a home if you can afford it on one income. As the video continues, you can see the bad choices they have made, yet they expect to be like wealthier people.

How much of their vast wealth has the 'ROYAL FAMILY' given to the struggling poor in the UK? Nothing

Your only a priority if your actually homeless (e.g. evicted). He thinks system works proactively which isn’t how it’s works.

It's never your house until the mortgage is paid, then it's still not yours bc you gotta pay property taxes if you don't then the municipality will take it. The only place you dont pay property taxes is slab city in CA. Or if your a religious institution.

My family have been through this several times but my parents have said it’s only bricks and mortar. They mostly acted fast and sold the house before it got to repossession. Because of that attitude I have been able to get through tough times and move on a house is only a home when you own it out right no one can take it off you always account for the interest going up and if you cannot comfortably get more money to pay that increase don’t struggle. Just move on.

Are these families who are in this documentary compensated by Only Human? I hope they are.

Don’t people read their contract before signing about their escalating mortgage rate!! Not a surprise

Alan seems to be terrible at financial stuff

Where is the famous "help" the government claims is available? Some mortgage companies will switch to an interest-only rate for 6-12 months for breathing space. I feel very sorry for these families as it is not only the house they lose but all their possessions.Quite sickening when there are such a high number of super-rich and non-doms living luxurious lives in the UK.11% interest is shocking.

One thing I notice with a lot of these families is they can afford to smoke. Am I missing something? Surely the cigs are the first things to go and if struggling get to the GP and get nicotine patches.I don't mean to sound heartless but even just a habit of ten daily is over a fiver daily which is over £35 a week! £140 a month-at least.

Keeping your meager savings in a jar on a shelf. Yeah…that makes sense. 🙄

They were using that re-mortgage money to go on holidays and buy expensive treats. Some people made hundreds of thousands when they bought their council house.

So much financial illiteracy being demonstrated by these borrowers.

The chap called Norman why if they had a purchaser for the house did they not sell it and rent somewhere until back on their feet?

Some people are poor and have no choice but both my parents worked full-time all their lives and they were both spending addicts. It's unfair in my adult life that my husband and I have to pay my parents bills so they don't lose their home. Parents need to be useful and teach their kids about money. I know another person who has all these degrees and not a pound to their name because rather than buying a used car for 1/4 of the price they had to buy new cars on finance.

I don’t understand the first couple who seem to let their 10 year old know everything that’s going on! I think that’s a bit stressful for a young girl. She shouldn’t have to worry about that. Mom and dad should definitely keep it to themselves. I hope they got to stay in their home. But that’s not good parenting to let your 10-year-old stress about what adults stress about.

Re the first couple -- My daughter and her husband ended up having this happen - but she went to the bank and got a new deal. They didn't just accept the new deal with high mortgage. He must have known there was an end date to his good deal surely?

The Banking and Financial system in the UK is rotten to the core.

4 bedrooms. Put two children in one room in the bunk beds and get lodgers in the two other rooms at £100 per week. £800 a month minimum.

i would want to stay in the caravan, i love it

Clothes in the budget??? No only emergency essentials. Coats fecent shoes, hygeine. Essentials. Some people forget what that is.

I can understand Norman's frustration with the Council. They have had 3 months to deal with their impending homelessness , but have done very little. I think it is bad that they have to stay in a caravan; if they were illegal migrants, they would automatically be placed in a luxury hotel.

This is happening across the world, when are the poor people going to rise up and say enough is enough?

For regular, everyday people, modern finances don't really add up to easy home ownership anymore, I don't know how anyone affords everyday life anymore, whilst trying to pay for a house as well.

I've only just realised that this must be over a decade old!!

In 2023. an 11% mortgage sounds mind blowing, crippling & astronomical all rolled into one. These couples must have been under tremendous stress 24/7.