Well, you think oil at $100 a barrel, a North American recession and 1.47 Euro to the Dollar isn't going to have a negative impact on the European airline industry, and I think it will.
We shall just have to wait and see.
I can see that HSBC will let your parents remortgage on their 10yr fixed rate of 6.5% and that this will be about £562 a month to repay. Thats a repayment of £67,400 that I presume you'll have to pay them.
A lot of people have done this over the past few years. With house price falls now accelerating I think this source of funding will rapidly dry up. Potentially this is good news for some Wannabes as competition may reduce.
Good luck,
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