HBOS - what's happening?

meester

worldtraveller wrote: »

That will have caught some shorters with their trousers well and truly around their ankles! :rotfl:

Actually the BBC have, by spreading all kinds of rumours about the price, first £3 (ridiculous, above the right issue price), then £2, then £3 again.

worldtraveller

meester wrote: »

Actually the BBC have, by spreading all kinds of rumours about the price, first £3 (ridiculous, above the right issue price), then £2, then £3 again.

I don't know where they got the £3.00 from, but it's definitely been a roller-coaster ride in the SP today (which I assume is what you refer to). HBOS opened at around £1.97, fell to 88p, then rose to £2.20 before dropping back to around £1.70 now. Trough to peak around 150% difference!

WTF?_2

rach! wrote: »

can someone explain to me please im not really up on all this kind of stuff, we have a mortgage promise from halifax are we basically stuffed now?

You'll be fine. There's no indication that existing offers will be affected.

Although I would say you are stuffed if you are buying a house at all However, it's your call and your money.

rach!_3

!!!!!!? wrote: »

You'll be fine. There's no indication that existing offers will be affected.

Although I would say you are stuffed if you are buying a house at all However, it's your call and your money.

i understand and have had many people say similar, but our reasons for buying and the fact that the offer we have had accepted means we get a bargain compred to other prices on the street and also we are making it a home and not an investment all make it worth while for us.
thanks for your reply

GDB2222

rach! wrote: »

i understand and have had many people say similar, but our reasons for buying and the fact that the offer we have had accepted means we get a bargain compred to other prices on the street and also we are making it a home and not an investment all make it worth while for us.
thanks for your reply

Have you checked against other sold prices, or are you just comparing with asking prices?

Dithering_Dad

rach! wrote: »

i understand and have had many people say similar, but our reasons for buying and the fact that the offer we have had accepted means we get a bargain compred to other prices on the street and also we are making it a home and not an investment all make it worth while for us.
thanks for your reply

lol, lovely to see the 'house is a home, not an investment' argument thrown back into the faces of the HPC community (who are now the new investment gurus).

:rotfl:

Dithering_Dad

GDB2222 wrote: »

To be fair, I don't really believe that HBOS is going to fail. In my case, it was a zero cost move, as Northern Wreck is offering significantly more interest than Shabbyfax. Also HBOS failing is a risk, however small, that I simply don't need to take. Indeed the Wreck are paying me not to take it.

There's no need to explain yourself to a load of strangers on the internet, GDB. It's your money to do what you want with, you worked hard for it and you're just making sure you and your family are protected. Nowt wrong with that.

rach!_3

GDB2222 wrote: »

Have you checked against other sold prices, or are you just comparing with asking prices?

both my brother in law is very nosey and sop he checks aswell, lol

rach!_3

Dithering_Dad wrote: »

lol, lovely to see the 'house is a home, not an investment' argument thrown back into the faces of the HPC community (who are now the new investment gurus).

:rotfl:

hi, as i often mis interpret people on the internet im not sure if that is sarcastic or genuine, lol, but i would like to say, being a couple with 3 children we dont want to keep moving around and stuff and so chose to offer on a property that we can live in and can grow with us if you see what i mean

WTF?_2

rach! wrote: »

hi, as i often mis interpret people on the internet im not sure if that is sarcastic or genuine, lol, but i would like to say, being a couple with 3 children we dont want to keep moving around and stuff and so chose to offer on a property that we can live in and can grow with us if you see what i mean

It's genuine I'm afraid, said poster is a very bitter person for some reason.

He started by venting his anger on me but seems to be aiming it at the wider mass of people in the group which is by now almost universally bearish.

Anyway, if you know what you are getting into then go for it. As long as you go in with your eyes open.