VegasPhil
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Registered: 16th Jan 05
Location: Fareham, Hants Drives: Octavia VRS
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http://news.bbc.co.uk/1/hi/business/7871932.stm
Corsa 2.0 16v Vegas - Sold
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Cosmo
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Registered: 29th Mar 01
Location: Im the real one!
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As expected, worth about £50 on your average tracker mortgage if it gets passed on fully.
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VegasPhil
Premium Member
Registered: 16th Jan 05
Location: Fareham, Hants Drives: Octavia VRS
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Yeh not massive news this time, Good news for the trackers though.
Interestingly there is a few customers that will be paying zero/minimum interest on their loans now. C&G had a tracker a couple of years ago at 1% below the bank base rate.
Corsa 2.0 16v Vegas - Sold
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willay
Moderator
Organiser: South East, National Events
Premium Member
Registered: 10th Nov 02
Location: Roydon, Essex
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lets see what the ECB does in 10 mins....
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Ojc
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Registered: 14th Nov 00
Location: Reading: Drives : Clio 197
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I love the fact everyone is getting excited about this in the office, but now most of the banks are owned by the state when we get through the worst of this where do you think the Government are going to get the money back from?
Smash them interest rates through the roof that's where.
I can't see an end to this, worrying.
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K17STY
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Registered: 13th Dec 02
Location: West Lothian
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i had an email about this not long ago, saying some customers will be paying as little as 8p a month 
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Cosmo
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Registered: 29th Mar 01
Location: Im the real one!
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I imagine to attract people back into the housing market banks will offer some fairly attractive fixed rate options, so that'll be the time to jump on one of them and ride out the increases.
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VegasPhil
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Registered: 16th Jan 05
Location: Fareham, Hants Drives: Octavia VRS
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Interest will be 12% again in a few years 
Corsa 2.0 16v Vegas - Sold
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Ojc
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Registered: 14th Nov 00
Location: Reading: Drives : Clio 197
User status: Offline
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quote:
Originally posted by Cosmo
I imagine to attract people back into the housing market banks will offer some fairly attractive fixed rate options, so that'll be the time to jump on one of them and ride out the increases.
Yeah good if you can get a long enough fixed mortgage, I think the days of 5 & 10 year fixed are over. Be lucky to get a 2 year fix when things pick up.
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Cosmo
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Registered: 29th Mar 01
Location: Im the real one!
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quote:
Originally posted by Ojc
quote:
Originally posted by Cosmo
I imagine to attract people back into the housing market banks will offer some fairly attractive fixed rate options, so that'll be the time to jump on one of them and ride out the increases.
Yeah good if you can get a long enough fixed mortgage, I think the days of 5 & 10 year fixed are over. Be lucky to get a 2 year fix when things pick up.
2 years will ride out a large portion of this though, after that the Govt. will be looking to get rid of the banks again.
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willay
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Organiser: South East, National Events
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Registered: 10th Nov 02
Location: Roydon, Essex
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share price will go up, banks will buy the shares back off from the government, done.
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Ojc
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Registered: 14th Nov 00
Location: Reading: Drives : Clio 197
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Not sure the Government will want to get rid, they will need to make back the Billions they are pumping in and will start fiddling the figures and diverting funds from the profits to the treasury.
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Ojc
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Registered: 14th Nov 00
Location: Reading: Drives : Clio 197
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....I need to stop reading the Mail 
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willay
Moderator
Organiser: South East, National Events
Premium Member
Registered: 10th Nov 02
Location: Roydon, Essex
User status: Offline
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Ojc
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Registered: 14th Nov 00
Location: Reading: Drives : Clio 197
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"Credit Crunch to blame for Global Warming" is the headline I'm most looking forward to.
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willay
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Organiser: South East, National Events
Premium Member
Registered: 10th Nov 02
Location: Roydon, Essex
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ECB decided to not cut their rates, cunts.
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dannymccann
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Registered: 9th Aug 06
Location: Doddington, Lincolnshire
User status: Offline
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1% base rate, I still cant get a loan for less than 15% APR
The joys of being young
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pow
Premium Member
Registered: 11th Sep 06
Location: Hazlemere, Buckinghamshire
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Loans are still silyl APR
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sand-eel
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Registered: 15th Mar 07
Location: carluke/braidwood--IRNBRULAND
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quote:
Originally posted by VegasPhil
Interest will be 12% again in a few years
probably will
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J da Silva
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Registered: 10th Apr 03
Location: The FACTory
User status: Offline
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quote:
Originally posted by pow
Loans are still silyl APR
Loans are silly full stop, why not just stop in rather than get in debt?
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Daimo B
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Registered: 20th Mar 00
User status: Offline
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quote:
Originally posted by VegasPhil
Interest will be 12% again in a few years
more than a few years.
Will take 2-4 years for the economy to recover.
Then they can't just hike % up again, or millions of people would default and loose their homes.
It'll rise again, but it'll be a fair few years yet.
Ironically, all these"interest rate cuts" and can I get another mortgage below 6% (more than im paying now), like fcuk can I...... mortage is great if you have a tracker, if not its no better.
tbh, im worried about my next mortgage. How long to sign up for etc, as your goign to want a low rate kept for years for when the inflation rate does go back up and starts to climb
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pow
Premium Member
Registered: 11th Sep 06
Location: Hazlemere, Buckinghamshire
User status: Offline
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quote:
Originally posted by J da Silva
quote:
Originally posted by pow
Loans are still silyl APR
Loans are silly full stop, why not just stop in rather than get in debt?
I agree.
Small loans from your Nan with 0% APR, variable repayments and a free cup of tea and choccy biscuit ftw
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Ojc
Member
Registered: 14th Nov 00
Location: Reading: Drives : Clio 197
User status: Offline
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quote:
Originally posted by pow
quote:
Originally posted by J da Silva
quote:
Originally posted by pow
Loans are still silyl APR
Loans are silly full stop, why not just stop in rather than get in debt?
I agree.
Small loans from your Nan with 0% APR, variable repayments and a free cup of tea and choccy biscuit ftw
Will your nan being lending you the money to buy your first house with your first girlfriend as well?
Stand on your own two feet. Every car I've bought has been on a loan apart from the Nova, always paid for in full and always owned at the end of it. What's the difference from getting a loan for 3 years and saving up for 3 years? You might as well have the car sooner and pay it off  you might pay more for the privelage but who GAF? You live once, start living.
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mattk
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Registered: 27th Feb 06
Location: St. Helens
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Ive got an appointment with the bank on monday for a mortgage too
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Colin
Member
Registered: 4th Apr 02
User status: Offline
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Happy days, my mortgage is pocket change anyway
Bit scared about making my next move though, stick with small flat - small mortgage just now & ride out the economic hicup, or make a move & shove 2 fingers up hoping that it doesnt come back to bite me. Hmmmmm
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