Presented by business expert René Carayol, the programme is an experiment that aims to find out if ordinary people in the United Kingdom can pay off their mortgage in two years. Various methods of mortgage acceleration are explained to help viewers succeed in paying off their mortgages early.
Success in the experiment required minimizing expenses as well as maximizing income. To achieve the former, participants grew their own food, for example. In pursuit of the latter, they sold off possessions, rented out their house or tried to develop various business initiatives, such as creating works of art, giving yoga or exercise classes, becoming a Cliff Richard impersonator or buy and renovate houses. In some cases, leaving the "comfort zone" and persevering required hard-nosed presenter Carayol to, in his own words, "push them to their limits". One of the participants, a single woman, gave up and was replaced.
With the series attracting praise from the media and the focus shifting more from mortgages to that of the transformations in all the contestants lives, the series was moved from a 7.30pm time slot on BBC2 to a prime time airing of 8pm.
3 HOSPITALS PAID ON PAID-OFF DEBT $52.2 MILLION INTEREST WAS PAYMENT FOR LOAN CLEARED TWO YEARS AGO.(Business)
Sep 22, 1997; Byline: Michele Conklin Rocky Mountain News Staff Writer Three metro hospitals paid more than $50 million last year on a loan to...