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Debate House Prices


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BoE cuts rates to 3.0%!!!

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Comments

  • Realy
    Realy Posts: 1,017 Forumite
    MissMoneypenny wrote: »
    Sorry, I don't understand what you're saying. :confused:

    Well your answer are not to consistent.
    MissMoneypenny wrote: »
    I just checked with staff pensions and they said they can't do that. They said they can pay me my final salary pension from age 55 if I request it.

    MissMoneypenny wrote: »
    4 months. And thanks for calling me a lady. Staff pensions just told me that I need to put the request in writing, so I think I need to have a word with my accountant beforehand.

    MissMoneypenny wrote: »
    I don't work for HSBC anymore. I have it all in writing that I have a final salary pension from HSBC and thanks to you reminding me, I have just phoned them and been told I can claim it from age 55.
    MissMoneypenny wrote: »
    .
    MissMoneypenny wrote: »
    I'll look though all my papers from HSBC when I get home. When I phoned them I got an automated choice between pensions started before 1996(? - 90s something) and before.
    MissMoneypenny wrote: »


    But you may just have to accept that I have a BOE Base rate tracker which firstdirect/HSBC are likely to honour.
    And I will have to accept you have a final salary pension from your ex employer.
  • purch
    purch Posts: 9,865 Forumite
    But surly not many people get to retain a final salery pension when they leave a job

    What do you think happens to their pension rights ??
    'In nature, there are neither rewards nor punishments - there are Consequences.'
  • Realy
    Realy Posts: 1,017 Forumite
    purch wrote: »
    What do you think happens to their pension rights ??

    Tell you the truth I am not sure. I have not been very blessed with pensions in the companies I worked for.:(

    But I presumed your new employer (if you were not made redundant) would either have to agree to take it on or you have to keep up the payments or it was frozen.:confused:
    not from the era of final salary pensions but I know I will be paying for them:)
  • IveSeenTheLight
    IveSeenTheLight Posts: 13,322 Forumite
    GDB2222 wrote: »
    Gordon is relying on you to go out and spend the saving. It's quite wrong of you to just reduce your borrowing.

    Well, seeing as I do not live in the UK, I don't see how gordon will benefit from my spending abroad.

    I think that reducing the mortgage debt is a far better deal :money:
    :wall:
    What we've got here is....... failure to communicate.
    Some men you just can't reach.
    :wall:
  • IveSeenTheLight
    IveSeenTheLight Posts: 13,322 Forumite
    Really2 wrote: »
    Another thought.

    What is this going to do on the affordabillity charts, this will surley go down now to around the 3.XX mark:confused:

    We'll not really.

    The affordability charts I show is house prices against earnings, so not really affected by an interest rate cut
    :wall:
    What we've got here is....... failure to communicate.
    Some men you just can't reach.
    :wall:
  • IveSeenTheLight
    IveSeenTheLight Posts: 13,322 Forumite
    ginvzt wrote: »
    Do you mean house price/earnings ratio? Halifax announced it today - 4.92

    According to this link, the UK average is 5.02 for Q3 2008.
    Of course with October now down, it is pheasable to be around 4.92
    :wall:
    What we've got here is....... failure to communicate.
    Some men you just can't reach.
    :wall:
  • IveSeenTheLight
    IveSeenTheLight Posts: 13,322 Forumite
    danny69 wrote: »
    All that is going to happen is that savers are going to lose out. People who are careful with their money and save it will suffer, and those that go throwing their money about will be in the same situation because banks wont reduce mortgage rates.

    I like to think I'm careful with my money.

    Last month my mortgage was reduced by 0.5% and I immedietely contacted my lender to ensure that I still maintained the same monthly payment, thus reducing the debt quicker.

    I fully expect the rate to be passed on again (cause I'm on a tracker) and I will be making the call to the lender again in a few hours to ensure that I pay the same in December
    :wall:
    What we've got here is....... failure to communicate.
    Some men you just can't reach.
    :wall:
  • IveSeenTheLight
    IveSeenTheLight Posts: 13,322 Forumite
    Really2 wrote: »
    No affordability as in mortgage payment as % of houshold income.
    They wont show until next month, sorry could be below 20% mark.
    (I put a wrong figure down before sorry)

    That's a different affordability stat.
    You mentioned 4.92, so obviously we assumed it was the house price to earnings ratio.
    Naturally, I would love a percentage of 4.92 if it was my monthly payment to household income ;)
    :wall:
    What we've got here is....... failure to communicate.
    Some men you just can't reach.
    :wall:
  • MissMoneypenny
    MissMoneypenny Posts: 5,324 Forumite
    Realy wrote: »
    Well your answer are not to consistent.

    Where was the inconsistencies in that lot:confused:
    Realy wrote: »
    But you may just have to accept that I have a BOE Base rate tracker which firstdirect/HSBC are likely to honour.

    If they don't exercise the small print conditions.
    Realy wrote: »
    And I will have to accept you have a final salary pension from your ex employer.

    If there is nothing in the small print.
    RENTING? Have you checked to see that your landlord has permission from their mortgage lender to rent the property? If not, you could be thrown out with very little notice.
    Read the sticky on the House Buying, Renting & Selling board.


  • Realy
    Realy Posts: 1,017 Forumite
    MissMoneypenny wrote: »
    Where was the inconsistencies in that lot:confused:



    If they don't exercise the small print conditions.



    If there is nothing in the small print.

    Quiet obvious i think, but why does my mortgage upset you.
    I said if i was you I would take up your pension ASAP! (I think that is helpfull)

    But you just want to make out I won't get the rate cut:confused: .
    But they have said from your own findings they are comited to do so and are the strongest UK bank?
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