LOL.

As they say, enjoy it while it lasts. (those that can anyway).

 

(if its passed on of course).

 

wooooooooah thats nuts!

 

interests rates down, everything else will go up

 

so what are they do for peeps with savings.

 

Hope it gets passed on. my mortgage has gone from Ł630 per month to Ł290. Another bit off wont hurt

 

YES

 

Shite news for the likes of us saving up for houses tho lol!

 

yep, means higher deposits, and higher fee's. only way they can claw back money.

 

Im still on my fixed deal

Ends in July so might still be lucky

Steve

 

well on one house which is interest only, I will be paying hmmmmmmmm Ł75 a month I am renting it out at Ł550

Think I will take the mrs to Rome

 

Well let's see if scum Northern Rock pass it on. Can't believe they were bailed out by government, and since then have only passed on about half the rate cuts - fucking ridiculous & shouldn't be allowed.

 

they will care when savers take there money abroad buying houses boats etc and enjoying there life

then the banks will not have funds to play with !

J

 

on my +0.58% BOEBR tracker - that means i'm only paying 1.58% now - in money terms - i was paying 870 a month back in september, now just over 500.!!

 

Happy days again for me, although the mortgage has now got to the point its no longer something I notice going out

 

Good news for tracker mortgages, but if anyone looks at the bigger picture and thinks rates this low will help the economy in these times they're deluded. Same at the VAT cut - all the Government did was take on billions in debt to plug the 2.5% hole which the country will be paying back for 20 years.

Jokers.

 

not bein funy but for ppl like me, who dont have a mortgage, dont have savings, nofin like this is relevent lol, the only way i can spend more is to have the government cut income tax, now that will put a smile on my face lol

 

my BTL is now Ł23 a month, bloody hilarious

 

Stupid move - The idea is to stimulate the economy by making it unattractive to save and for people to invest in business etc

However our main problem is the banks cant lend without using higher rates as they dont have enough capital to lend at low rates.......if the interest rate is low enough to discourage savings the banks will have even less capital

DUR

 

Like this....



???

 

arse, why am i on a fixed mortgage..................and my cossie is in the bank as well

 

You lot should all work for the government. You all think you could do better. I'll just sit on the fence as I really don't understand enough about the bigger picture, I'm not ashamed to admit.

 

snap!

 

not saying i can do better, just saying that if income tax was cut i could spend more

 

Not saying I could do better but I just wrote that summary - albeit in slightly better english for one of the countries largest commercial and residential property comapnies and they've just published it on their intranet so they must agree with the reasoning behind it.

 

Bargain! break it to us gently how much your making Ryan

 

put the extra your saving aside now, you'll need it when the rates are in double figures

 

19.56 x that in clear profit, just incase anyone doesnt want to know how much that it

 

snap........

all i know is i am in negative equity with my property which i bought 3 years ago and i hear that the market will lose a further 25% of its value this year fffffffffssss
I am on a ferking fixed rate mortgage
I have 5 week left on this job then i have to find another
I am getting fat
The dogs ate my xbox hard drive
And i might have foooooooookkkkkkkkkiiiiiiiiiinnnnnnggggggggggggggg gggggggggggggg........................






WORMSSSSSSSSSSS

 

Andy - Stick it in your matress i say

Ryan - Nice investment

 

yeah seems more and more like a good investment, even in this market, and becuase its right at the low end of the market, i.e i pay 80k for the property, and put roughly 5k ontop of that in value from the refurb, (cost less thank 1k) so say it "was" worth 85, i reckon its probably worth high 70's in the current market, and cant see it dropping below 70k at all, low value = lower drop.

also i cant imagine the demand for 1 bed flats will go up this year with morgage payments going up, and people struggling to get morgages but wanting to or needing to move.

we've had the same tenant in there since the start and she's a perfect tenant, only spoken to her like 4-5 times, and all of those were to check she's ok, drop a bottle of wine off at crimbo and do an inspection and thats it, proper low maintenance.

 

If you have savings then your not struggling with the recession are you?

 

forgot to say the rental income from the 2 years outways the loss, so its all good at the moment.

 

I very much doubt it mate

Hang in there

 

Amen to that....so many Chancellor of the exchequers on here it's unreal Lost their way these peeps

 

Baker p, its ust been on the news house prices went up 2% in Jan....25% fall is a big claim!

 

Seem like you've struck gold with her... Keep her sweet i say

 

glad someone said it

 

Wanna swap her for my wife