Bradford & Bingley

MarkyMarkD

B&B don't have properties worth less than the mortgage amount. BTL mortgages have low loan-to-value ratios and can take quite a reduction before they are in negative equity.

B&B are not going to go bust. The only problem they are having is raising more capital. But they don't actually need that capital to stay afloat, merely to improve their capitalisation and to support future lending.

caveat_emptor

MarkyMarkD wrote: »

B&B are not going to go bust. The only problem they are having is raising more capital. But they don't actually need that capital to stay afloat, merely to improve their capitalisation and to support future lending.

Please pass this information on to the would-be supporters of B&B who have walked away and shareholders who are selling B&B shares for any price they can get.

Oblivion

MarkyMarkD wrote: »

B&B don't have properties worth less than the mortgage amount. BTL mortgages have low loan-to-value ratios and can take quite a reduction before they are in negative equity.

You don't have to search far to find financial columnists making statements like this ...

"Bradford & Bingley is particularly exposed to specialist mortgage lending, including buy to let (where it is the market leader), self-certification (alias ‘liar loans') and negative-equity and 100%+ loans." ... this one from the Your Money page of Fool.co.uk on 2nd June.

Dave.

Markyt

caveat_emptor wrote: »

Please pass this information on to the would-be supporters of B&B who have walked away and shareholders who are selling B&B shares for any price they can get.

Somebody is buying them - up 4p so far today to 44.75.

Masomnia

caveat_emptor wrote: »

Please pass this information on to the would-be supporters of B&B who have walked away and shareholders who are selling B&B shares for any price they can get.

That's simply not true. TPG walked away but that doesn't mean they're without support, ie. they still have the other banks. Hundreds of thousands of pounds worth of shares have been bought today, get a clue and do some research before you make unfounded and irresponsible statements.

johnbfan

Hi

Im a saver with B&B and, surprisingly for me, actually do not feel very concerned about things. My savings are for when we retire - to help us keep going once the wages stop so I should be really stressed about it but, for all the fearmongering in papers, the tv and by some posters on here, I feel relatively calm.

I think things will work out OK, as was said - B&B will not be allowed to sink.

Stavros_3

Its like a sick obession with some pundits praying in their headlines that B & B will go under, I too am a saver with B & B

bristolleedsfan

Masomnia wrote: »

Hundreds of thousands of pounds worth of shares have been bought today, get a clue and do some research before you make unfounded and irresponsible statements.

U seem to be forgetting the volume of NR shares that were being bought right up to the day they were delisted as many people thought they would make money on them.

6022tivo

MSE_Wendy wrote: »

Hi guys

A national newspaper is looking for a Bradford and Bingley customer to give their view on what's happening with the bank at the moment and appear in a story it's doing this weekend. If you'd be interested in talking to the press (it will probably involve having your picture taken) please email me on with a daytime phone number.

Thanks

Wendy

A fee will be paid in the sun of around 50 B&B shares..

bristolleedsfan

6022tivo wrote: »

A fee will be paid in the sun of around 50 B&B shares..

Someone would find being "in the sun" more useful than 50 B+B shares. :rotfl: :rotfl: :rotfl: