Would it be a good idea for lenders to buy back mortgages?

chewmylegoff

chucknorris wrote: »

I'll ask at the shop that I get my super large condoms at, but I'm not sure if they sell smaller ones, have you tried Binns?

i'm not sure bin liners are made of the right material, but i will give them a try.

geneer

Pimperne1 wrote: »

I would be prepared to listen to Barclays/Woolwich if they wanted to buy back my excellent tracker mortgage so that they could lend the money to someone else on a higher tracker, fixed rate or SVR.

The tracker is probably about +0.25 over Base Rate. I think they would need to offer about 10% of the mortgage to make it work for me but I don't think it would take them too long to make this back up.

Its quite clear that the only reason for this thread is for you to let the forum know your own a +0.25% base rate.

Given that the majority of the bulls claim the same, this is not all that original, or believable.

Jack_Johnson_the_acorn

geneer wrote: »

Its quite clear that the only reason for this thread is for you to let the forum know your own a +0.25% base rate.

Given that the majority of the bulls claim the same, this is not all that original, or believable.

Or maybe you're just insanely jealous and that's why you have taken such a negative view of this thread....

:money:

geneer

Jack_Johnson_the_acorn wrote: »

Or maybe you're just insanely jealous and that's why you have taken such a negative view of this thread....

:money:

Can't see why I'd be insanely jealous of fictitious boasts. :money:

RenovationMan

geneer wrote: »

Can't see why I'd be insanely jealous of fictitious boasts. :money:

Then why comment at all?

JonnyBravo

geneer wrote: »

Its quite clear that the only reason for this thread is for you to let the forum know your own a +0.25% base rate.

Given that the majority of the bulls claim the same, this is not all that original, or believable.

Is this happening for the same reason that the majority of renters pay way under the market rate?

IveSeenTheLight

chewmylegoff wrote: »

On this theme, I've got £200k in the bank, and no mortgage. What do I win?

You win nothing, but you could lose a lot as only £50k (may have increaseD) is protected in the bank

Thrugelmir

Pimperne1 wrote: »

I would be prepared to listen to Barclays/Woolwich if they wanted to buy back my excellent tracker mortgage so that they could lend the money to someone else on a higher tracker, fixed rate or SVR.

Most likely they've securitised your mortgage and sold it on a long time ago. So now need you to redeem the capital balance.

chewmylegoff

IveSeenTheLight wrote: »

You win nothing, but you could lose a lot as only £50k (may have increaseD) is protected in the bank

it's ok, by bank i mean "invested in gold / index linked securities / whatever else turned out to be a good investment, with the benefit of hindsight".

anyway, it's enough bother having to move it all once every year when the bonus expires, without having to worry about splitting it up into 4 bits...

Pimperne1

IveSeenTheLight wrote: »

You win nothing, but you could lose a lot as only £50k (may have increaseD) is protected in the bank

Up to £85k now I believe (and I've got my £200k invested at just 0.25% above the base rate - wait a minute, have I got that boast quite right?).