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Debate House Prices
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northern rocks £14 billion
theblindman
Posts: 79 Forumite
Will Northern Rocks new lending make a dent in the lack of credit, and what will the effect be on those who already have a Northern Rock mortgage?
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Another 14 billion down the drain :eek: This country is so fooked upKrusty & Phil Madoff, 1990 - 2007:
"Buy now because house prices only ever go UP, UP, UP."0 -
ad44downey wrote: »Another 14 billion down the drain :eek: This country is so fooked up
How is it 'down the drain'? Did you not understand the story?0 -
Gordon Clown is going to bankrupt this great nation borrowing countless billions to throw at a falling market. How many billions now is it that the clown has borrowed? It must be nearly a trillion by now. :mad:Krusty & Phil Madoff, 1990 - 2007:
"Buy now because house prices only ever go UP, UP, UP."0 -
Hopefully they will start to offer mortgage deals to existing customers currently on their SVR.0
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Will it make a dent? just about.
Is it smoke and mirrors ? decide for yourself.
14000000000 / 150000 (average house) = 9333 borrowers.
Less than 10,000 , how many repo? = about 40000
Ho dear, yes more public funds goes down the drain by the look of it :eek:Five exclamation marks the sure sign of an insane mind!!!!!
Terry Pratchett.0 -
Where did they get the £14b from?0
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ad44downey wrote: »Gordon Clown is going to bankrupt this great nation borrowing countless billions to throw at a falling market. How many billions now is it that the clown has borrowed? It must be nearly a trillion by now. :mad:
Gosh, I thought you might answer one of my questions then Ad.
Good to see 'Pointless soundbite against Clown / BTL mortgages with nothing to really add to the debate' comment number 3,219 though. Keep 'em coming.0
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