At least you know where you are with a mortgage.

lostinrates

Realy wrote: »

We have talked about it before I have wages protection, remember I said about it only being 12M cover.

Why are people so sceptical of me after making coments about falling prices.
I except prices are falling but I am also a frustrated saver.
Perhaps most of you did not have savings in icesave today.

Yes we have, and was with that in mind I thus posted! I hecked BTW...on the policy we have just taken out our mortgage is totally covered (either lumpsum or repayment at insurers discretion)and we get a salary sufficient to make adaquate though humbler than if DH keeps job and to live on presuming we are healthy. If DH is not healthy he will also get 60% of his salary with work provided cover, if he died I get his pension and a lumpsum payment. No twelve month cover would make me feel secure!:o Of course, the cover is not inexpenive but it is how much we value security of tenure once we buy. On shaky economic ground I think the insurances, though pricier, are even more necessary.

I'm not 'sceptical of you' I'm just pointing out where your way of thinking would make me uncomfortable.

Realy

amcluesent wrote: »

>at least I know my mortgage<

And of course Clown's only option now is to run the printing presses, massively inflating the money supply and sending inflation soaring. Your mortgage debt will melt away like snow in summer. While 'savers' worry about £15 loaf, your tangible asset will again be appreciating in value.

Don't get me wrong I have savings (not a lot but 3 months wages)
Just I never planed to be one of the possible few to be the first to cliam in the UK.
I just said I am happier knowing I have spent my deposit rather than it being held somwhere.
In all seriousness I would have had well over £80K in icesave 3 months ago.
So good luck to all have held funds like me.

Realy

lostinrates wrote: »

Yes we have, and was with that in mind I thus posted! I hecked BTW...on the policy we have just taken out our mortgage is totally covered (either lumpsum or repayment at insurers discretion)and we get a salary sufficient to make adaquate though humbler than if DH keeps job and to live on presuming we are healthy. If DH is not healthy he will also get 60% of his salary with work provided cover, if he died I get his pension and a lumpsum payment. No twelve month cover would make me feel secure!:o Of course, the cover is not inexpenive but it is how much we value security of tenure once we buy. On shaky economic ground I think the insurances, though pricier, are even more necessary.

I'm not 'sceptical of you' I'm just pointing out where your way of thinking would make me uncomfortable.

Oh we allso have life and critical illness also that is for the term. I presume that is what you are talking about! (if it is not can you tell me the insurer as I can only find 12 month wage protection insurance)
A house is a home though, just like renting you need somwhere to live.

lostinrates

Realy wrote: »

Oh we allso have life and critical illness also that is for the term. I presume that is what you are talking about! (if it is not can you tell me the insurer as I can only find 12 month wage protection insurance)
A house is a home though, just like renting you need somwhere to live.

I'm happy to do that. I'll chek tomorrow for you and suggest its done via pm...referrals are not looke favourably upon here I think, but a long as you understand I have no experience of making a claim and am informing you not recommending.:cool: PM me if I forget:o

Realy

lostinrates wrote: »

I'm happy to do that. I'll chek tomorrow for you and suggest its done via pm...referrals are not looke favourably upon here I think, but a long as you understand I have no experience of making a claim and am informing you not recommending.:cool: PM me if I forget:o

Cheers will do.:beer:

ess0two

!!!!!!? wrote: »

Yes - you certainly know where you are: Heavily in debt and quite probably in negative negative equity by now if you bought in 2006/7/8.

To date, no-one has actually lost their savings. And don't worry about anyone 'losing' your mortgage debt; In the event of the lender going bust it'd be sold on to someone else, plus good luck getting a well priced remortgage if on a fixed rate :rolleyes:

If I were you 'Realy', instead of trolling I'd concentrate on not losing my income stream which is needed to service a debt that could well be in negative equity leaving you homeless and with an actual loss of goodness knows how many thousands of pounds. Still, with a very nasty recession on the way what could possibly go wrong :rotfl:

At least with neg equity it'll return years down the line,the Icesave fiasco who knows what thje outcome is.
I'd be having sleepless nights over this rather than neg equity in a home.

Seems its come home to roost for you doomers,you got your wishes:money:

Gangstabird

Can I ask a question, hypothetically of course. If Realy had left their savings in a bank and sort of divided it up amongst various ones. Would they only be guaranteed the first 35k from each bank or would it JUST be the first 35k whatsoever.

Realy, I do kind of agree with what you are saying. At least you know where your dosh is.

WTF?_2

ess0two wrote: »

At least with neg equity it'll return years down the line,the Icesave fiasco who knows what thje outcome is.
I'd be having sleepless nights over this rather than neg equity in a home.

Seems its come home to roost for you doomers,you got your wishes:money:

Ah, you are Dithering Dad.....

StevieJ

!!!!!!? wrote: »

Since only a complete fupping idiot would be happier that they saddled themselves with a large debt on an overpriced property going into a recession that is looking like it will be deflationary instead of selling a property at the peak and banking a healthy cash profit, I have to conclude you are trolling again.

Well, actually, since your sock puppet was created a week or so back you've done nothing but troll.

There are plenty of people on here who are worried because they had their money in Icesave. Even though they'll get it back, they will face uncertainty and stress and the last thing they need is a grade-A trolling muppet like yourself coming on to wind them up whilst feigning concern.

Now be a good troll and jog on. :rolleyes:

You were trying to convince me the other week that we had to put interest rates up because of inflation.

bo_drinker

Gangstabird wrote: »

Can I ask a question, hypothetically of course. If Realy had left their savings in a bank and sort of divided it up amongst various ones. Would they only be guaranteed the first 35k from each bank or would it JUST be the first 35k whatsoever.

Realy, I do kind of agree with what you are saying. At least you know where your dosh is.

It is from each bank. It needs to be spread around.