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Debate House Prices
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Rate cuts passed on at last
Dan:_4
Posts: 3,795 Forumite
http://news.bbc.co.uk/1/hi/business/7716086.stm
Looks like all the main banks, including the Rock WILL be passing on the full 1.5% cut - and so they should.
Looks like all the main banks, including the Rock WILL be passing on the full 1.5% cut - and so they should.
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Comments
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LIBOR is falling and this enables lenders to follow suit.
According to the BBC (link):The Libor rate for borrowing sterling for three months fell to 4.49% from 5.56% on Thursday before the Bank of England rate cut was announced.
Interesting is the word 'before'.
GGThere are 10 types of people in this world. Those who understand binary and those that don't.0 -
Just watching BBC news.
The man from the BBA is called Eric Leenders! :rotfl:
You couldn't make it up.
GGThere are 10 types of people in this world. Those who understand binary and those that don't.0 -
Be better if he was called Lex like Lex luther then hed nearly be called lax lending which has cause this whole mess in the first place and he could be the number one scape goat.
But hes not
so we cant
Cos hes called EricHi, we’ve had to remove your signature. The one where you showed us Dithering Dad is a complete liar. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE Forum Team0 -
It's good for existing borrowers, however it doesn't tempt me to spend my money on an asset that is falling in price.0
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Nicely summed up, ad9898.0
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your own house is a liability not an asset. but even so as a soon-to-be ftb I would rather wait for thousands more off the house price than £50 off my monthly bill.0
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scousethife wrote: »Be better if he was called Lex like Lex luther then hed nearly be called lax lending which has cause this whole mess in the first place and he could be the number one scape goat.
But hes not
so we cant
Cos hes called Eric
So all we need to do is find a bloke called Dave Subprimelending, preferably in the US, and we pin the blame on him. Right?0 -
Oooh - I'm so tempted to believe you.
After all, you were so right when a year ago, you prophesied that house prices would remain stable or rise over the next 12 months.
Errrrrrr.......
You've had some nice price falls this year, and more falls will follow over the coming months. Don't miss out by being too greedy - the sale won't last forever.0
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