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Debate House Prices
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Would it be a good idea for lenders to buy back mortgages?
Comments
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JonnyBravo wrote: »Is this happening for the same reason that the majority of renters pay way under the market rate?
You attempt to draw a parallel where none are relevant.
Renters don't feel the need to make up for past failures by gloating over the imaginary benefits of economic collapse.
Or inventing threads purely as a means to do so.
Simples.0 -
RenovationMan wrote: »Then why comment at all?
Because "insane Jealousy" isn't the only possible motivation for posting.0 -
You attempt to draw a parallel where none are relevant.
Renters don't feel the need to make up for past failures by gloating over the imaginary benefits of economic collapse.
Or inventing threads purely as a means to do so.
Simples.
For how many years have you been posting justifications of your decision to rent instead of buy on the basis that you will benefit (eventually!) from economic turmoil and the ensuing house price falls?
Loving the astonishing lack of self-awareness.0 -
For how many years have you been posting justifications of your decision to rent instead of buy on the basis that you will benefit (eventually!) from economic turmoil and the ensuing house price falls?
Loving the astonishing lack of self-awareness.
Yep, thanks for the world the bears wished upon us.
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Coventry BS did it, someone posted about it on the mortgage board (possibly 2009) and people didn't believe. IIRC they ended up posting the letters they had received to prove it.
Sub prime lenders were also doing it, but the problem was most of their customers couldn't get a mortgage elsewhere.I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.0 -
Coventry BS did it, someone posted about it on the mortgage board (possibly 2009) and people didn't believe. IIRC they ended up posting the letters they had received to prove it.
Sub prime lenders were also doing it, but the problem was most of their customers couldn't get a mortgage elsewhere.
Many thanks.
I still think that there is a case for them considering it. Even if they have passed the loan on won't they then have (SAY) £200k to lend to someone else?0 -
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.
Mine's 3.5%
I had a really low tracker lined up, but I bottled it when they did the 'suprise' rate hike.
But, I guess a couple of percent lower than inflation isn't really to be sniffed at.
Whats a typical ftb mortgage at nowadays?0 -
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Renters [bears] don't feel the need to make up for past failures by gloating over the imaginary benefits of economic collapse.
I must admit, I have never seen a bear post a bad news story and its benefit to their goal of buying a cheaper house. Well, perhaps I missed it due to some astonishing lack of awareness?0 -
Many thanks.
I still think that there is a case for them considering it. Even if they have passed the loan on won't they then have (SAY) £200k to lend to someone else?
Why are you thinking about it? Personally I like the long term benefit of these low margin trackers. Is it because you are thinking of selling up in any case and what to get a windfall before you do so?Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop0
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