Whinging.

RUN_RABBIT_RUN

ha ha, how pathetic is this

so let's get this straight,

the complaint was that there are no other options for people on svrs

then the complaint became that the % rate has to be less than the svr because the fixed rate deals available have a slightly higher % rate, ignoring the fact that fixed rates actually give you stability

then when 5 minutes of searching on my part reveals a fee-free 90% mortgage deal at a better rate than most svrs, or an 85% tracker with a better rate than most svrs, the complaint changes again that the lender is too strict

and the evidence presented for this is.....well actually no evidence yet, unless you count someone saying 'fact' as evidence

i wouldn't have thought lender strictness would be a problem for all you prudent non-debt-junkie bears but apparently it is!

RUN_RABBIT_RUN

Graham_Devon wrote: »

It's not an accusation. I'm saying hello chucky.
Never mind is exactly what chucky would have said when caught out to end a post.

erm, two points here devon

1. i'm not 'chucky'
2. the only person 'caught out' as you put it, is you - still no answer to those mortgage deals????

still, being wrong twice in one thread isn't any kind of record for you is it?

Graham_Devon wrote: »

I'm not accusing you. I'm stating you are chucky. Shame you felt you had discredited yourself so much under your old name you had to reinvent yourself...

Should have tried harder my son

oh dear, it gets better.

i'm not chucky and i'm not your son. i must say this is quite the diversionary tactic you're putting up though

wotsthat

Graham_Devon wrote: »

I wasn't.

You were looking on my behalf. I've not stated anywhere I wish to switch to an alternative.

Making things up? At least you got chuckles back to join in.

You were very angry with JulieQ for suggesting that there were alternatives to the Halifax SVR and, in effect, called her a liar. Now you say you weren't looking in the first place - you just made up the bit about no alternatives being available.

For all the confusion you cause I must admit I'm impressed with your Chucky spotting skills.

Graham_Devon

wotsthat wrote: »

You were very angry with JulieQ for suggesting that there were alternatives to the Halifax SVR and, in effect, called her a liar. Now you say you weren't looking in the first place - you just made up the bit about no alternatives being available.

For all the confusion you cause I must admit I'm impressed with your Chucky spotting skills.

Very angry? Hmmm.

I just aksed where the product was.

So chucky has given a 90% HSBC product. We all know the issues with getting HSBC products.

He's then gone on to list 85% products in response to me asking where 90%LTV products can be found.

Let's ignore the forumonics for a second. How many halifax customers, with an LTV around 90% do YOU personally feel would get a HSBC mortgage if they tried to switch?

Lots? A few? very few? All of them?

We know the answer. So the forumonics is pointless in all honesty, though we all play the game.

As for chucky. Not exactly hard to spot. Spotted him last time around before this name too. It's the same old arguments, same old writing style, same old insults. As I said, he needs to try harder.

wotsthat

Graham_Devon wrote: »

Let's ignore the forumonics for a second. How many halifax customers, with an LTV around 90% do YOU personally feel would get a HSBC mortgage if they tried to switch?

Lots? A few? very few? All of them?

Well to be fair you're still playing forumonics because how many Halifax SVR customers are there with LTV's at >90% - so we're talking about relatively few customers anyway.

Some will get that rate. How many? More than you think and less than MrRee would suggest. They've a better chance than a FTB.

Seriously why wouldn't you take the opportunity to try and reduce your housing costs?

Emy1501

wotsthat wrote: »

Well to be fair you're still playing forumonics because how many Halifax SVR customers are there with LTV's at >90% - so we're talking about relatively few customers anyway.

Some will get that rate. How many? More than you think and less than MrRee would suggest. They've a better chance than a FTB.

Seriously why wouldn't you take the opportunity to try and reduce your housing costs?

Not just people with less than 90% though. You got those in arrears(about 10% of market I think.) Thoses with IO mortgages. Those with Self Cert mortagages, Older borrows who want the mortgages pass the age of 65 etc.

With about 25% of the market with mortgages of 90% or over I suspect probably half those on Halifax's SVR wont be able to re mortgage.

At the same time 3.99% is a pretty low rate especially when you take into account fees most will charge and the SVR once the rate ends.

wotsthat

Emy1501 wrote: »

Not just people with less than 90% though. You got those in arrears(about 10% of market I think.) Thoses with IO mortgages. Those with Self Cert mortagages, Older borrows who want the mortgages pass the age of 65 etc.

With about 25% of the market with mortgages of 90% or over I suspect probably half those on Halifax's SVR wont be able to re mortgage.

At the same time 3.99% is a pretty low rate especially when you take into account fees most will charge and the SVR once the rate ends.

Halifax have a deal where customers on SVR can move over - no questions asked. The rate's a touch higher but it's fixed for two years. So Halifax customers with IO, arrears etc. have at least one option.

I'm not sure where your 25% of mortgages at over 90% LTV comes from. It sounds a bit high given the average LTV is 60% and even Northern Rock's bad bank is 78%. However, I'd guess that those on SVR's are more likely to have high LTV's (that's why they are on the SVR). If they are a Halifax customer they can still change as long as LTV is less than 125% - again no questions asked.

Agreed 3.99% isn't the worst rate in the world and if a customer makes a decision to stay on the SVR rather than not being bothered to look for alternatives that's fair enough. There's a real danger that they might see more interest rate rises before BoE linked customers because they are an easy target.

Emy1501

wotsthat wrote: »

Halifax have a deal where customers on SVR can move over - no questions asked. The rate's a touch higher but it's fixed for two years. So Halifax customers with IO, arrears etc. have at least one option.

I'm not sure where your 25% of mortgages at over 90% LTV comes from. It sounds a bit high given the average LTV is 60% and even Northern Rock's bad bank is 78%. However, I'd guess that those on SVR's are more likely to have high LTV's (that's why they are on the SVR). If they are a Halifax customer they can still change as long as LTV is less than 125% - again no questions asked.


Agreed 3.99% isn't the worst rate in the world and if a customer makes a decision to stay on the SVR rather than not being bothered to look for alternatives that's fair enough. There's a real danger that they might see more interest rate rises before BoE linked customers because they are an easy target.

Seems pointless as rate is.5% more and only for 2 years. Therefore unless one expects SVR to raise by 1% or more in the next year then probably better to stay on SVR.

Its interesting though that people with even a 75% LTV are being asked for 4.39 which is more than a 1% more than the 2 year fixed I go with them 18 months ago. Suggests that mortgages are rising for even those with a decent deposit.

wotsthat

Emy1501 wrote: »

Seems pointless as rate is.5% more and only for 2 years. Therefore unless one expects SVR to raise by 1% or more in the next year then probably better to stay on SVR.

Agreed - limited options for the more distressed mortgage payer.

That's what happens if you don't keep an ongoing eye on available mortgage deals rather than complaining once you've been painted into a corner.

Three years of low rates I suppose so they can't complain. Hopefully their financial position is better now than it was then.

RUN_RABBIT_RUN

Graham_Devon wrote: »

Very angry? Hmmm.

I just aksed where the product was.

So chucky has given a 90% HSBC product. We all know the issues with getting HSBC products.

He's then gone on to list 85% products in response to me asking where 90%LTV products can be found.

you actually asked for 85%+ products further up this thread -

Graham_Devon wrote: »

Name some then.

Name some for someone with 85%+ LTVs.

Halifax have indeed offered an alternative. But it cost's more than the SVR, and only lasts 2 years.

- so I gave you an 85 and a 90 but i'm sure a couple of quick post edits will sort that out for you

we all know the issues with getting hsbc products? really? who's we? have you tried yourself? no? didn't think so

Graham_Devon wrote: »

As for chucky. Not exactly hard to spot. Spotted him last time around before this name too. It's the same old arguments, same old writing style, same old insults. As I said, he needs to try harder.

:rotfl:

what makes this even funnier is that i really am not this chucky guy, nor have i actually insulted you.

all i've done is provide you with links to products that you said didn't exist and you can't take it

fairly embarassing actually.....