Min Stack,
Sorry, but I find your comments a bit patronizing to be honest. I see your location is Scotland, so no doubt your house did only cost you 50p...or maybe you even had some change from that.
Those of us who worked at West Drayton had the misfortune to have to re-locate to Swanwick at a time when the housing market peaked in price. Since I have been down here (approx 18 months), I have seen approx £35-40k wiped off the value of my house, which was basically all my equity. So no, I didnt have a 120% mortgage....and this is the reason some people are still doing AAVAs. And why shouldn't they? If the Union gets their act together and puts forward an AAVA ban then I will galdly stop doing them but until then, if I get offered one then I'm doing it.