Interest rates will rise faster and higher than anyone expects

shortchanged_2

chucky wrote: »

obviously yours, these two numpties have thanked your post :T

Awww chucky, that hurts. You are so biting sometimes.

Graham_Devon

chucky wrote: »

i like the tone of your post because you're trying quite hard to be insulting but when it's given back to you, you scuttle away with your tail between your legs like the lonely little beach that you are.

chucky wrote: »

it's not a surprise seeing that your personal and your families financial situation is a complete fork up.

chucky wrote: »

either do it or don't but don't cry off you lonely little man when you do it. jog on now dervprof, be a good little man.

chucky wrote: »

these two numpties have thanked your post :T

Lesson learnt?

Don't ask chucky for a shred of proof of what he is saying.

chucky

Graham_Devon wrote: »

Don't ask chucky for a shred of proof of what he is saying.

you want proof that people don't pay the down capital on their mortgages and put it in savings accounts??

that's common knowledge really, there's nothing to prove - it's so obvious, it's like saying is Graham Devon stupid or is the pope catholic.

actually there's quite a bit of it on this very site giving people advice... have a read you might educate yourselves.

It’s a common dilemma, whether to pay more off a mortgage or save? While overpaying usually wins, there can be spanners in the works: repayment penalties, need for emergency funds or even just high savings rates. This step-by-step guide will help you decide and includes the ‘Should I overpay my mortgage?’ calculator.

http://www.moneysavingexpert.com/mortgages/mortgages-vs-savings

Graham_Devon

chucky wrote: »

you want proof that people don't pay the down capital on their mortgages and put it in savings accounts??

that's common knowledge really, there's nothing to prove - it's like saying is Graham Devon stupid or is the pope catholic.

actually there's quite a bit of it on this very site giving people advice... have a read you might educate yourselves.
http://www.moneysavingexpert.com/mortgages/mortgages-vs-savings

No, I want proof for what I asked for. That it's making up a large number of the switches to IO. Said that twice now. You've offered evidence of something else twice now.

And stop going on about educating ourselves....i'll be forced to ask you what the capital of Germany is.

chucky

Graham_Devon wrote: »

.i'll be forced to ask you what the capital of Germany is.

i guess it depends when you ask from, from 1989 or before?

there is a big difference...

DervProf

shortchanged wrote: »

Awww chucky, that hurts. You are so biting sometimes.

I wouldn't say chucky bites, it's more like a peck.

Graham_Devon

chucky wrote: »

i guess it depends when you ask from, from 1989 or before?

there is a big difference...

Indeed. You still have my respect for that thread chuckles.

The amount of squirming, backtracking and twisting on that thread should have you as the proud owner of a Nobel prize.

DervProf

chucky,

May I enquire where these savings accounts are that pay more than 3% ? I know that a few ISAs pay a bit more than that, and you can get more than 3% gross if you tie your money up for a year or more. Also, getting a mortgage less than 3% has been possible, and probably still is for a few people, but I still doubt that this type of "offsetting" accounts for much of the increase in IO mortgages. While you may think some of us are jumping to the conclusion that switching to IO is due to financial troubles (I happen to believe that it is likely that a decent perecetage of it is, but certainly not all), do you believe that a significant perecentage are switching to take advantage of savings rates > mortgage rates ? Or do you know for sure that this is happening ?

DervProf

Graham_Devon wrote: »

Indeed. You still have my respect for that thread chuckles.

The amount of squirming, backtracking and twisting on that thread should have you as the proud owner of a Nobel prize.

I do the backtracking round here, if you don't mind.

chucky

DervProf wrote: »

chucky,

May I enquire where these savings accounts are that pay more than 3% ? I know that a few ISAs pay a bit more than that, and you can get more than 3% gross if you tie your money up for a year or more. Also, getting a mortgage less than 3% has been possible, and probably still is for a few people, but I still doubt that this type of "offsetting" accounts for much of the increase in IO mortgages. While you may think some of us are jumping to the conclusion that switching to IO is due to financial troubles (I happen to believe that it is likely that a decent perecetage of it is, but certainly not all), do you believe that a significant perecentage are switching to take advantage of savings rates > mortgage rates ? Or do you know for sure that this is happening ?

why should i even entertain people like you and the guy that had to get his poor dad to help him pay his £30k gambling debts.

jump on moneysupermarket or other sites to do your own research and if that doesn't help have a look at the mortgage section of this forum. to be fair i'd rather laugh at your misfortune than try and discuss anything with you, i'm passed that.