For me, the first epiphany came in October 2005 when I was out cycling with some friends. One of them told me he had nine buy-to-let mortgages with the Woolwich Building Society – now absorbed but unlamented into Barclays – even though he did not have a job. This was the same building society-turned-bank that would not extend me a mortgage, even though it was for less than 20% of the value of my house and even though I had a job.
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