If you were a young person during the second world war and you had a loan to buy a house and were called up, did the banks "freeze" the loan ?
- posted
20 years ago
What Happend During The war to Mortgages ?
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- posted
20 years ago
I wouldn't have thought so. More likely that the Army paid the wife a lodging allowance, sufficient to cover the cost of the mortgage.
My father was in a reserved occupation (coal mining) so his mortgage carried on as normal, costing £3/10/9d per month.
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- posted
20 years ago
What happened if you were bombed out? Was that an insurable loss?
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- posted
20 years ago
War risk, usually excluded. Compensation by the Government. Billeted on someone.