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Author Interest Rates...down to 4.5
Aaron
Member

Registered: 9th Aug 04
Location: Cottingham, East Riding
User status: Offline
8th Oct 08 at 11:21   View User's Profile U2U Member Reply With Quote

http://news.bbc.co.uk/1/hi/business/7658958.stm

I wonder if this recsue package might actually do some good??
Robbo
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Registered: 6th Aug 02
Location: London
User status: Offline
8th Oct 08 at 11:24   View User's Profile U2U Member Reply With Quote

Guess so cos that decision made the FTSE gain 400 points
Aaron
Member

Registered: 9th Aug 04
Location: Cottingham, East Riding
User status: Offline
8th Oct 08 at 11:35   View User's Profile U2U Member Reply With Quote

Its not at the same rate as when i got my mortgage 2 years ago
Robbo
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Registered: 6th Aug 02
Location: London
User status: Offline
8th Oct 08 at 11:36   View User's Profile U2U Member Reply With Quote

Indeed, that would have saved me £25 a mth on my old mortgage!
M2RTY
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Registered: 25th May 01
User status: Offline
8th Oct 08 at 12:05   View User's Profile U2U Member Reply With Quote

i took the risk and took out a variable mortgage, not a fixed one, but the bastards still put the APR up last time the Bank of England dropped interest rates, pretty pissed off

hopefully it will drop now lol, only a few quid a month anyways, but anything is better then a quick in the face!
Hammer
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Registered: 11th Feb 04
User status: Offline
8th Oct 08 at 12:09   View User's Profile U2U Member Reply With Quote

Gordon Brown is the man
willay
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Organiser: South East, National Events
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Registered: 10th Nov 02
Location: Roydon, Essex
User status: Offline
8th Oct 08 at 15:35   View Garage View User's Profile U2U Member Reply With Quote

quote:
Originally posted by Robbo
Guess so cos that decision made the FTSE gain 400 points


yet at the time of writing there are only 6 or 7 in the plus on the ftse100
Robbo
Member

Registered: 6th Aug 02
Location: London
User status: Offline
8th Oct 08 at 15:47   View User's Profile U2U Member Reply With Quote

yes it has subsequently nsoe dived again :/
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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8th Oct 08 at 15:53   View Garage View User's Profile U2U Member Reply With Quote

Robbo
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Registered: 6th Aug 02
Location: London
User status: Offline
8th Oct 08 at 15:55   View User's Profile U2U Member Reply With Quote

As have my shares which were up shortly afte rthe announcement
willay
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Organiser: South East, National Events
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Registered: 10th Nov 02
Location: Roydon, Essex
User status: Offline
8th Oct 08 at 15:58   View Garage View User's Profile U2U Member Reply With Quote

VOD?
Robbo
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Registered: 6th Aug 02
Location: London
User status: Offline
8th Oct 08 at 16:11   View User's Profile U2U Member Reply With Quote

Yup, I have loads... at the same price in Jan they were worth £700 more than they are today

That said, they are all in trust fior a good few years yet and 2/3rds of them were free so cant complain too much
Ian
Site Administrator

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Registered: 28th Aug 99
Location: Liverpool
User status: Offline
8th Oct 08 at 21:23   View Garage View User's Profile U2U Member Reply With Quote

Cheaper mortgage, get in.
M2RTY
Member

Registered: 25th May 01
User status: Offline
9th Oct 08 at 06:46   View User's Profile U2U Member Reply With Quote

quote:
Originally posted by Ian
Cheaper mortgage, get in.


didnt your go up last time interest rates dropped??
Ian
Site Administrator

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Registered: 28th Aug 99
Location: Liverpool
User status: Offline
10th Oct 08 at 14:27   View Garage View User's Profile U2U Member Reply With Quote

I was worried that it wouldn't reflect the drop because I'm on Barclays rate not BoE but yeah, it went down.
cunningham
Member

Registered: 25th May 05
Location: Lochore, Fife
User status: Offline
11th Oct 08 at 17:20   View User's Profile U2U Member Reply With Quote

fixed rate ftw no nasty suprises then

 
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