Moneysupermarket Dodgy?

deemy2004

That's exactly what I'm asking you to do though, after stating that I'm aware there will be a big change, I'm then curious to know how the lowering of prices will affect the mortgage rates.

My initial question is relevant for today because there are places in the UK where you can pick up] flats for 20k even today.

I understand it's difficult, but I assume mortgage rates will shoot up? If so what's going to happen to those with large variable mortgage rates. I'm talking about a house price crash and I'm not the only one that thinks a crash is likely.

If the mortgage market collapsed than mortgage rates would fall to generate business, i.e. the BOE would add liquidity to the system by dropping base rates to ridiculously low rates as a drop of what 70% ? in house prices would be very deflationary.

consumers would stop spending, busineses would stop hiring and investing, the only tools available to kick start the economies would be to cut taxes and interest rates - as what the US did after Sept 11.

Gonzo1966

shonky wrote:

I'll stick to the fact that I think that are immoral Yes they have a button there, however their default sort order suggests that the Northern Rock loan is the cheapest on the market. Untick that box and that loan disappears altogether! It is quite clear that Moneysupermarket are obviously getting more money from Northern Rock. It isn't even the cheapest loan on the market with PPI, look at the average repayment amount. By my maths Northern Rock charge about 20% on their PPI.
I think we should all boycott Moneysupermarket, that would be a bit of a killer to their IPO next year.

This is also the case with Lloyds TSB, they also disappear from listings if you don't select PPI

Gonzo1966

This is also the case with Lloyds TSB disappearing from listings when deselecting PPI