The Dum Casta Mortgage - Part I: The Setup

The year is 2018. The place: Central London, U.K.

Much has changed in the last 15 years or so.

Apart from the exponential increase in computer technology lifestyles and values have evolved, partly for social reasons, and partly for economic ones. The standard (and cost) of living in the Western world has risen, but at a price. Property (real estate to those in the USA) has increased in price at a rate far higher than inflation or of wages, so that it has become ever more difficult for young singles, or couples, to buy their own home. Therefore far more properties are rented, and rents are sometimes prohibitively high, especially in the London area. More couples then ever are getting married later in life than ever, and very often not at all. The stresses on young people in particular have resulted in an exponential increase in the 'dinky' (double income no kids yet) relationship as the partners try harder and harder to establish themselves before starting a family.

On the other hand, attitudes have changed significantly. Different sorts of relationship have become widely acceptable; and consensual dom/sub partnerships are generally and openly acknowledged as a matter of course. So are chastity belts, both male and female, whether in the context of a dominant keyholder or on a reciprocal basis, or simply (especially for ladies) as a protection against rape or sexual assault. In this field there have been many new developments in design and sales of them have boomed. Manufacturers who were in on the ground floor have become very prosperous indeed, and have formed the basis of major companies and corporations which have diversified into other fields and whose shares are quoted on stock exchanges worldwide, especially in Europe and North America. This has been facilitated by a new universal currency: the Eurodollar, caused by a monetary union of the U.S. dollar and the euro (which itself had previously absorbed the U.K. pound and Swiss franc etc.).

One such company is Securitas plc, with a huge range of chastity belts and similar devices. The range includes many with advanced locking systems and security enhancements, remote control functions, timers, pagers, comfort (or alternatively discomfort) for long-term wear or otherwise as desired, fashion accessories, etc. Many of their top of the range belts are much in demand especially among rising young executives.

This company has now begun to diversify into other fields, one of which is investments in the property market, including mortgages. At the time this story begins the company has begun to develop a new concept: the dum casta mortgage. The idea was simple enough. A couple with a double income who could commit themselves to maintaining this lifestyle for a minimum period (without the financial consequences and expense of children and/or one partner possibly having to forego part or all of his/her income) was a much better financial risk and could therefore safely be granted a larger mortgage than a conventional couple. Securitas plc had for some time offered a keyholding service, mainly (though not exclusively) for single males; and it was a simple matter to develop from there to couples, especially established customers where one or both partners were already belted.

One such couple is Robert Morgan and Gwyneth Harrison. They have decided to inquire about the system to see what would be involved before making any commitment. Robert is 30, earning an above average, though not top of the range, salary as a junior executive in the communications field. Gwyneth is 26 and a librarian, with good promotion prospects and a steady income. She has worn a chastity belt for two years, which she originally bought as protection against rape, keeping her own keys. Now she has given one to Robert as joint keyholder; keeping her spare key in a sealed container. She would like Robert to be belted on a reciprocal basis, but so far this hasn't happened. The relationship between then is not dom/sub as such; and though Gwyneth has a strong personality with latent dominant tendencies, they are broadly a vanilla couple.

They are living together as a couple in a middle range flat in West London and would like to buy their first home together but cannot quite raise a sufficient mortgage on the commercial market. They are looking round for a suitable property but not yet found one. They are not formally engaged to be married but are considering it. Someone has told them about Securitas's dum casta mortgage scheme and they are about to have an interview with the company representative to discuss the matter one Monday lunch hour in early April.

The company representative is a Mrs. MacPherson. She is friendly, reassuring, quiet spoken, silver tongued, and somewhat demure. She is a little over 50, beginning to turn grey, and not long divorced. She has not had a happy sex life: her husband did not really give her pleasure though he took care to get what he wanted for himself. She has also had a hysterectomy. She is the company's top salesperson of this sort of mortgage, and earns a substantaial bonus for every couple she signs up. She is moreover an extremely astute businesswoman and a very shrewd judge of character. She has as a matter of course checked the financial status of the couple, as well as the details of the belt Gwyneth is wearing. She is mildly disapproving that Robert isn't wearing one as well, and points out that if they were serious and wanted to go ahead then he'd need to do so.

"After all, you'd be taking on a joint liability so you'd both need to give the same security."

Gwyneth nodded.

"Explain exactly how the scheme would work," asked Robert.

"Well," said Mrs. MacPherson. "It's a bit like this. Let's say that to buy your home you needed to borrow 750,000 Eurodollars, but on your joint incomes the bank or mortgage company would only advance, say, 600,000; leaving you 150,000 short. If we felt that your joint incomes, without the possibility of a dependant child, ought to be sufficient to enable you to repay on the basis of the full 750k, then, subject to certain other checks, medical and so on, we'd consider lending the full amount on the basis that we'd take over as keyholders until the balance was reduced to 600k, after which you could be free of the dum casta element and it would revert to a normal mortgage."

"What exactly is dum casta?" asked Gwyneth.

"It's from the Latin. It means 'while chaste'. I'm told that years ago husbands often put dum casta clauses in wills and settlements and so on so that their wives would lose out if they formed new relationships. Archaic, I know, but things were like that then. Of course we'd not be prepared to consider an arrangement with only one of you. It would have to be both."

"I see."

"Mind you, it doesn't mean you wouldn't get any pleasure. We're not that draconian. We do have ways of letting you feel properly fulfilled in all ways compatible with our security."

"How?"

"Oh, various ways. For a start, your belt is a Snugfit F233 isn't it?"

"Yes, that's right."

Mrs. MacPherson opened a desk drawer and took out a small plastic device and pressed a button on it. Gwyneth gasped. To her utter surprise she felt something inside her belt trigger a sensation she'd not felt in years. Mrs MacPherson smiled.

"You didn't know about that, did you? It's something in a microchip we incorporated into this model some years ago. Without this remote control it's just like the earlier Snugfit F230. But this can bring you to a climax, at a wide range of speeds, while the belt is in place. And you can give it to yourself whenever you like. We were still developing it when you bought your belt but it's now going into production and we expect it to be very popular."

"It certaily fells good. Even so, it's not the same. We'd still lose the intimacy. It would be a very big step to take."

"Not quite. You could still keep your intimacy to a degree. As you know, Securitas has a subsidiary which runs a hotel chain. We have arrangements where you could spend a week, or a night, or whatever there in secure surrounding of course, where one of our accredited keyholders could let one or other of you have a night's release so that you could still touch and caress and kiss and enjoy one another. A common arrangement is for a couple to spend two nights at a weekend. One with only the husband belted, one the other way round. There'd need to be periodical checks in any case. After all, it's in our interest to keep you both fit and healthy."

"I don't know. It'll mean we'll have to go without, well, you know, for quite a long time and it's a very big step."

"Yes, I know. But it needn't be that long a time. You'll be able to pay off your dum casta element as quickly as you like. If you strike lucky or win the lottery or have a legacy or whatever you can even pay it off in a lump sum. Or if, say, either or both of you get promoted or a rise in salary you can opt to make extra payments and clear your dum casta early, leaving you with nothing but a conventional mortgage and whether you want to go on being belted is entirely up to you. Meanwhile you've got yourselves a nice starter home which otherwise would have been impossible. We make it easy for you in other ways, too. While your dum casta is in force you get a reduction of a quarter per cent on your interest rate, and that's on the whole amount not just the dum casta. There are other benefits too. I'll leave you with the details so you can talk things over and think about it. There's no urgency, is there, and you don't need to rush into things."

Gwyneth looked thoughtful. Robert sat silent and made no sign. Mrs. MacPherson continued.

"There's one thing I would recommend though, before you even think about making a decision."

"What's that?" said Gwyneth.

"Have Robert try wearing a belt, to see if he can cope with it. Just to try it out, you understand."

Gwyneth gave a very small hint of a smile. She looked at Robert. Mrs MacPherson sensed that she'd found the weak link. She went on.

"We've got a brand new model, the Androsafe 2020, which is on special introductory offer. And with the latest laser technology, all we have to do is enter your measurements and our robots can make the belt on the spot here and now. You can have it at our special discount price, there's no obligation of any sort, and as a special offer I'll throw in one of these remote controls which either of you can use for Gwyneth's personal satisfaction at any time. Well?"

Gwyneth looked at Robert. She knew that Robert wasn't happy about it but didn't like to refuse after she'd worn her belt for him for so long.

"Would you give it a try, Robert, just for me, well for us?" she asked. "After all, we needn't take it any further if we don't want, need we?"

Robert paused.

"All right, just a trial, mind."

"You won't regret it, I promise," said Mrs MacPherson. "If you'll sign the authority on your credit card now, and go into the laser booth for your measurements to be on computer disk, the belt will be ready made to measure in twenty minutes."

She passed him the authority. Robert signed. Twenty minutes later the belt was ready and he went into a cubicle to try it on. It was a hip type model and surprisingly comfortable. Unlike Gwyneth's it had a self-locking option as well as special security keys which Mrs. MacPherson handed to Gwyneth (together with the remote for her own belt) while Robert was trying it on. Mrs. MacPherson gave Gwyneth a knowing look and Gwyneth nodded.

"I suggest you keep it on for a week or so, just to be sure that no adjustments are needed. If there should be, we will of course make them free of charge. Here is my card, and do feel free to email, text, or even telephone, at any time. The belt carries our new guarantee, naturally."

"Thank you", Gwyneth said. "We'll think things over. Goodbye for now."

"Bye for now. And take your time. There's no rush."

Robert and Gwyneth left for home. But Mrs MacPherson knew, or thought she knew, what her next move would be. After all, quite apart from the remote device she know that whereas Gwyneth had a spare key to her belt, Robert did not have one to his.

[ Story continues in part 2 ]
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Page last updated 03-Jun-20 by: Altairboy@aol.com