MSE News: Mortgage blow as building society hikes SVR

Dan_1976

oooooooo kkkkkkeeeeeeyyyyyy!

VIGILANT22

Dan_1976 wrote: »

oooooooo kkkkkkeeeeeeyyyyyy!

Will we see another post from Dan today apologising for his post & saying sorry back in late from pub!!

MissMoneypenny

sarahbennett wrote: »

As for people who work for the Skipton being sworn at and spat at, while I don't agree with such behaviour, if you get employed by crooks, you should expect a bit of comeback...

If you spit at someone, you can expert to get contacted by the police and charged for it; and rightly so. Fortunately, building societies have cctv, so no escape for the scum who spit at people.

If you are angry now at the mortgage rate, what are you going to do when the mortgage rate goes up to say, the average of 7%-8%?

Why would people even take a mortgage on if they can't afford repayments at a 10% rate? It's pure madness.

sarahbennett

MissMoneypenny wrote: »

If you spit at someone, you can expert to get contacted by the police and charged for it; and rightly so. Fortunately, building societies have cctv, so no escape for the scum who spit at people.

If you are angry now at the mortgage rate, what are you going to do when the mortgage rate goes up to say, the average of 7%-8%?

Why would people even take a mortgage on if they can't afford repayments at a 10% rate? It's pure madness.

Miss Moneypenny, I agree that nobody should be spat at, if Skipton has been acting unlawfully, behaving like crooks as many are suggesting, it does not justify staff abuse but it does make it understandable. If people work for crooks it should not come as a complete surprise for them to be spoken to harshly within the constraints of the law.

You are off topic regarding affordability of mortgages however, nobody is saying they can't afford higher rate repayments, the thread concerns anger about the Society reneging on a guarantee in a contract, it's immaterial what rate the Society is charging, nobody is complaining about the rate per se, they are complaining about whether the contract in question legally allows the society to raise rates disproportionately to the Base Rate. There would have been no complaints had the base rate been 20% and the Society were charging 23% since that is within the guaranteed rate of no more than 3% above the Base Rate, provided for in the contract. This term is expressed in absolute terms, there is no qualification to it, it does not say "except if", it's a simple guarantee...

My mother always told me that if you make a promise you should stick to it, this is what is making people angry... broken promises often have that effect!

MarkyMarkD

Yes, but broken promises warrant having an issue with the breaker of the promise, not with innocent parties such as Skipton branch staff.

sarahbennett

MarkyMarkD wrote: »

Yes, but broken promises warrant having an issue with the breaker of the promise, not with innocent parties such as Skipton branch staff.

OK now we can I'm sure agree that such nastiness is unacceptable and in any event counter productive.

Moving on ... the issue with precedent is that every single case is (arguably) different, precedent can be supportive of an argument, but is not a substitute for it. The other party can almost always dismiss precedent by saying, "that applied to that, and this is different."

Returning to our case then, let's consider the arguments on their own merits:
(1) Did the guarantee and exceptional circumstances clause have the same amount of prominence in the contracts and introductory letters?
(2) What circumstances might have been considered exceptional?
(3) Why was "exceptional circumstances" term not complained about earlier?
(4) Was anyone sold an SVR directly or were they just sold products that reverted to the SVR?
(5) Which products within the industry had/have base rate floors?

If our arguments are poorly prepared and unsubstantiated within our case, we're in my view unlikely to win by reference to other cases.

MissMoneypenny

sarahbennett wrote: »

My mother always told me that if you make a promise you should stick to it, this is what is making people angry... broken promises often have that effect!

I always told my children:-
if everything you do in life is going to be a life and death situation, then you are going to die a lot of times.

sarahbennett

MissMoneypenny wrote: »

I always told my children:-
if everything you do in life is going to be a life and death situation, then you are going to die a lot of times.

I do like that one, it's very good :-)

Dan_1976

VIGILANT22 wrote: »

Will we see another post from Dan today apologising for his post & saying sorry back in late from pub!!

NO!

Money or the loss of money, or the threat of losing money will turn the nicest of old ladies in to raving maniacs! Just ask any counter staff that sat through the late delivery of share certificates when the Abbey went PLC! The skipton staff are going to be targets and the people who make the decisiions are hiding in corporate boxes at Wembly!

inca_2

Extremely long constant postings from the same poster full of legal jargon and case studies etc make me switch off from that person's posts to be honest and jsut skip through most if it and I would be surprised if I'm the only one. I appreciate that if you are in the profession it will be natural for you to do this it just doesn't read simply enough for someone like me who isn't in the legal business. This isn't because I am stupid, I'm actually fairly intelligent IMO but it is just too much to wade through. I can read Sarah's posts whether I agree or disagree with them because they are making a point without all of the waffle.

Also you need to remember that this is a forum, where people will express and share opinions, which means that as they are often thoughts or opinions they do not need to be backed by hard evidence.We are on a web forum here not in a court of law. If and when this does go to court then yes facts and evidence will obviously be needed but as this is a discussion can we just please stop with the evidence demanding and can you make your point easier to understand for the simple folk such as myself? thankyou kindly