BoE votes to keep mortgage rates at 0.5% and other mortgage news

RenovationMan

Thrugelmir wrote: »

Remortgaging is switching a different lender not merely changing product.

It doesn't naturally follow that people will remain with their existing provider when moving from SVR to a mortgage product. Many wil shop around for the best deal that suits their particular circumstances.

Thrugelmir

RenovationMan wrote: »

If we pulled thrug up on all of his strange posts, we'd do nothing else all day. I gave Thrug the nickname "Random" because of the random nature of his posts and logic contained therein.

A typical discussion with Thrug (as can be seen with my interaction with him on this thread):

Poster: "The sky seems to be quite blue today, hopefully we'll be in for some hot weather over the next few days".

Thrug: "You're wrong, weather patterns in the Miocene epoc of the Neogene period followed the Oligocene Epoch and into the Pliocene Peoc as is cooled into a series of ice ages.

Poster: "Eh?? What on earth has that got to do with my post?"

Thrug, "You said that the Miocene boundaries are not marked by a single distinct global event but consist rather of regional boundaries between the warmer Oligocene and the cooler Pliocene, I was correcting you.

Poster: "No I didn't."

Thrug: <silence>

Poster: "Hmnn, keep taking the Meds, sweetheart." :rotfl:

Showing your true colours at last Renovation Man. Must say its pretty pathetic someone of your supposed intelligence to resort to internet trolling. I always wondered. Now the truth is revealed.

RenovationMan

Thrugelmir wrote: »

I always wondered. Now the truth is revealed.

It is indeed, and the truth clearly hurts, Mr Random. :rotfl::rotfl::rotfl::rotfl:

Thrugelmir

undetterred wrote: »

Answer the question instead of coming out with smartar8e replies then.

We'll help you find the plot you lost.

Another troll? Appears from now where. A coincidence. I doubt it.

Suggest you wipe yours. Before you choke on it.

undetterred

Thrugelmir wrote: »

Another troll? Appears from now where. A coincidence. I doubt it.

Suggest you wipe yours. Before you choke on it.

This is getting tedious,why is LTV irrelevant?

Thrugelmir

RenovationMan wrote: »

It is indeed, and the truth clearly hurts, Mr Random. :rotfl::rotfl::rotfl::rotfl:

Come on Mr Arrogant RenoMan. By your standards that's a hardly an insult. Please try again.

Thrugelmir

undetterred wrote: »

This is getting tedious,why is LTV irrelevant?

Why should I bother responding to you?

undetterred

Thrugelmir wrote: »

Why should I bother responding to you?

I'll take that as an admittance of defeat,move along old bean.

RenovationMan

Thrugelmir wrote: »

Come on Mr Arrogant RenoMan. By your standards that's a hardly an insult. Please try again.

Perhaps I need to learn from your insults, Mr Hypocrite?

Thrugelmir wrote: »

Seems its you that requires financial education.

You certainly like to dish it out Thrug, but you really can't take it can you?
:rotfl::rotfl::rotfl::rotfl:

Kennyboy66

IveSeenTheLight wrote: »

Facts, of course I love em.

Let's keep this simple.
http://www.independent.co.uk/money/mortgages/mortgage-debt-down-by-88bn-7908101.html


So mortgage debt has reduced in the first quarter of this year.
Preices are pretty stagnant, therefore the equity must be expanding.

Now I did post on another thread that this means that those in NE due to previous valuation decreases will find that they are a little less in NE or indeed some may even be out of NE, depending on their personal situation.

The facts remain though that in general, the nett effect on equity is that it is increasing.

Whoops - there we go again.

Mortgage debt end Dec 2011 = £1245 billion
Mortgage debt end Mar 2012 = £1250 billion.

(source bank of england)

Looks like an increase to me, although in the world of forumomics, where people argue black is white - these could be open to interpretation.

You wanted some raw data, you wanted some links to actual evidence - but when someone puts it up - you will be straight on to google to find another journalist who is misinterpreting what negative HEW actually means.

What is doesn't mean is over payments on peoples mortgage.

The corollary of this is of course that the concerns about HEW during the boom (or MEW as it was called then) of more than £300 billion were probably a little overblown.

Then again, it doesn't really matter as it appears you have a closed mind on the subject anyway.