Bradford and Bingley - Treasury to intervene

fatpig_2

adminannie wrote: »

. Husband thinks we should withdraw all our money and put it under the bed

It's alot safer if you put it under the floorboards

Andrew64

Latest news is that after being nationalised, B&B will be sold on to Santander. It will then be folded into Abbey like A&L I expect. In that case I'll get my money out as everyone tells me that Abbey has terrible customer service!

opinions4u

fatpig wrote: »

It's alot safer if you put it under the floorboards

Nooooo the rats will eat it!:rotfl:

Oblivion

On the Bradford & Bingley website is a section entitled 'Protecting Your Future'.

The sub-heading reads
'I wish I knew what was around the corner...'

It then goes on to include the statement 'At Bradford and Bingley, we’ve got our customers interests at heart, and together, there’s every chance we’ll be able to help you to make financial provisions to cover your commitments.'

Oops! :rotfl:


Dave.

theholdways

I wonder if I can have some advise from fellow posters. I have £70,000 and my husband (a higher rate taxpayer) has £20 K in B & B and he wonders whether we should make the £70,000 into a joint name which will be taxed at his higher rate but then will make more of it safer from the £35,000 guarantee so we would have only £15,000 in danger not £35,000? Please advise me.

cvd

Lets also not forget the plight of both Derbyshire BS and Cheshire BS where no blame can be attached to "Carpetbaggers".

False. Carpetbaggers have destroyed any possibility of making building societies responsible to their members -and by members, I mean members who are interested in the long term success of the society.

Pollycat

The more sensible thing would be to split YOUR £70K over 2 or even 3 different financial institutions.
Then YOU would still pay tax on your £70K at the lower rate and the whole of your money would be safe - as long as you choose a financial institution that guarantees your savings.

There is something on the main site about which institutions are under the same umbrella.

http://www.moneysavingexpert.com/savings/safe-savings

LongTermLurker

Suggest this is continued on last night's thread...

http://forums.moneysavingexpert.com/showthread.html?t=1184003

theholdways

Pollycat thanks I had read that and I am aware of the spreading of money around but this money is locked in until February and I only wanted advice re the paying of higher tax or making the money safe.
LongTermLurker I read through the other thread and it seemed full of stuff re shares and going off topic and insults - this thread was shorter and more on the savings side. Sorry if I am upsetting people on here I only come on occasionally and am not a fully fledged poster!

rickbonar

So does anyone know what happens to the shares that B&B etc gave out a few years back. I've got some of these, and you know a few banks like Barclays, HBOS, and B&B were asking for rights issue recently where you paid for more shares. I was mug enough to shell out there for £184 I suppose Brown and co will cop this....Bradford and Bingley ads for savers still on tele when they knew they were in trouble... did you know that B&B have 12 times the money they have in deposits (savers) lent out to mortgage people, many of which are high risk and probably a lot in America. Now as the house prices fall those high risk people will say stuff the mortgage let the bank have the worthless property and default. Hence the problems.

I hope the mortgage crashes de-value house prices down to what they should be i.e. something like a quarter of their present value... maybe then when everyone gets their fingers burned the government will act to regulate banks and estate agents from making up their own prices purely for profit and the same with these rogue stockbrokers.... talk about insider trading... it's a joke...

Brown out now! Brown out now! Brown out now!

How long do you think Brown has as PM left?