Mr Mortgage's Guide to the TRUTH

neas

Problem is if I transfer mid-year I guess it will be annoying every year when im transferring 6 months after the new ISA deadline.

WTF?_2

Pobby wrote: »

Hi Neas. Looks like you are in the Plymouth area. In case you missed an earlier post from me you may be interested in this.

A friend had her home valued at £135k in February. Nice 2 bedder terrace in one of the better streets in Ford. She has just accepted £95k for it.

Flat she is buying is down from £140k to £90k. It`s up on the Hoe.

If you have a decent amount of equity already in your house and aspire to moving up the ladder, this shows that lower prices are good for you. Contrary to the spin being given by much of the media.

Once people start to cotton on em-masse, there won't be the same pressure to fight the price drops, hopefully.

chrisandanne

HBOS 32% drop today. A x

chrisandanne

Shares in AIG down 70% today !!!!. A x

moanymoany

neas wrote: »

i just wish there was a truly safe bank to put your money in :P

I contacted NS&I this morning and was told that every penny in their saving products is protected - not just £35k.

P*ss poor interest, but take a look at the site and give them a ring with your questions.

p.s. I held on for 20 minutes to speak to someone and they played 'Rule Britannia' lol. The chap said they had been swamped with calls since yesterday.

moanymoany

Dithering_Dad wrote: »

I worked there on a contract and the share price was 850p. It's now down to less than 200p. Do a goodle on HBOS Share Price. They're saying that the market is losing confidence and as soon as that happens the other banks will stop lending to them. Just as happened to NR. The share price drop is also mirroring Northern Crock.

The only money I have in there now is £1400 to keep my bills paid.

Interesting article here: http://www.guardian.co.uk/business/marketforceslive/2008/sep/16/hbosbusiness.icap

The share price is down to 171.5p a drop of 26.24% today.

I have a 12 month thing going there and I'm really thinking of being on the doorstep tomorrow. The article does say they are in a reasonable position to weather the storm, hard call!

Further congrats on the mortgage DD - dead impressed. Our lbm was too late to be a sensible as this, though it meant we had no endowment shortfall and saved some serious money that would otherwise have been frittered away.

ad44downey

Dithering_Dad wrote: »

HBOS is the next to go. Have a look at their share price. You don't get drops like that without an underlying reason. Their CEO is in crisis talks right now.

If you have money in the Halifax group, then get it shifted. Having a guarantee is one thing, but having to wait weeks for your money is another.

That's totally irresponsible of you to try to encourage another run on a UK bank.

WTF?_2

ad44downey wrote: »

That's totally irresponsible of you to try to encourage another run on a UK bank.

Now, now. Everyone's playing nice (stoic in the face of adversity etc) , no stirring

WTF?_2

chucky wrote: »

sad as it is - something like that happening now will make a lot of people happy on this forum.

i don't understand why people are happy at someone elses misery... very sad...

Who do you think would be happy? (apart from Zammo probably)

WTF?_2

chucky wrote: »

The HPC ghetto members who are now realising that this situation will affect their pension, savings, jobs etc, etc, etc... and will hurt them personally.

They thought that this was only affecting house prices - unfortunately there was a bigger picture that will affect everyone.

How many times does it have to be said (this is the second time in a day) - believing something is going to happen, discussing it and warning others about it DOES NOT equate to wanting it.

Just about everyone of a bearish nature on house prices realised this economic downturn was going to happen a while back - hence all the warnings about not getting in to property.

If you want to interpret that as desiring a recession or whatever, that's your delusion.