House price rises "not sustainable"

Graham_Devon

Dan: wrote: »

Competition will materialise as the economy improves, this has already started slightly. When banks start to cempete for business again, these margins will be reduced as the base rate rises.

Like the competition in credit cards has reduced credit card interest you mean? Like the competition in personal loans has bought the rates down you mean?

I was going to go with Borat again, but I'll stick with this for the sake of other peoples sanity.

:think:

Dan:_4

Graham_Devon wrote: »

Like the competition in credit cards has reduced credit card interest you mean? Like the competition in personal loans has bought the rates down you mean?

I was going to go with Borat again, but I'll stick with this for the sake of other peoples sanity.

:think:

Plenty of great 0% credit card deals around.

I suppose you think these are just 'advertising' also, even though I have got 4 in the last 6 months.

Graham_Devon

Dan: wrote: »

Plenty of great 0% credit card deals around.

I suppose you think these are just 'advertising' also, even though I have got 4 in the last 6 months.

LOL.

Deals do not detract from the point that most loan and credit card rates have gone up for existing customers.

Again, you are relying solely on adverts, without looking at the issues.

4 credit cards in the last 6 months? Bloody hell, nearlynew, where are you?!?!?

mbga9pgf

I can think of three. Which ones are you using at the mo?

(Tesco, Virgin and capital one are the only ones I know about).

Dan:_4

Graham_Devon wrote: »

LOL.

Deals do not detract from the point that most loan and credit card rates have gone up for existing customers.

Again, you are relying solely on adverts, without looking at the issues.

How can a loan rate go up for an existing customer?

sjaypink

Dan: wrote: »

Competition will materialise as the economy improves, this has already started slightly. When banks start to cempete for business again, these margins will be reduced as the base rate rises.

sorry to go off topic dan...

...just wondering why your sig previously said '<<<<< house prices will not fall below this point' ....

...but now youve changed it to 'bottom for this cycle'?

what does that mean? you expecting another cycle which will take prices lower than feb?

Graham_Devon

Dan: wrote: »

How can a loan rate go up for an existing customer?

When you are on a variable rate?

When you add to it?

Graham_Devon

sjaypink wrote: »

sorry to go off topic dan...

...just wondering why your sig previously said '<<<<< house prices will not fall below this point' ....

...but now youve changed it to 'bottom for this cycle'?

what does that mean? you expecting another cycle which will take prices lower than feb?

Means sense and reason is starting to make Dan think that was a stupid thing to say. Luckily mewbie had already caught onto this fact

Post 31..
http://forums.moneysavingexpert.com/showthread.html?t=1914849&page=2


LOL!

Graham_Devon

Actually, respect for that new sig Dan.

You've managed to make a prediction, based totally on the past, which can never be wrong.

Why? Because a new downward trend in house prices will mean it's a new cycle.

That's pretty genius.

Dan:_4

mbga9pgf wrote: »

I can think of three. Which ones are you using at the mo?

(Tesco, Virgin and capital one are the only ones I know about).

Virgin
Natwest Plat
RBS Plat
HSBC
Abby Zero
MBNA Range (sony, A&L Etc)
BT
Nationwide Gold
Halifax Plus
Barclaycard Plat
post Office (Classic and Plat)
Egg Card
LTSB Plat
Sainsburys

Plus a load more if your interest.