Mortgage Debt Arrears improving markedly

wotsthat

RenovationMan wrote: »

From what I remember of his outrage at the recent SVR increases, Graham is one of the few people who are stuck on SVR, rather than choosing to remain on SVR while they weigh up their options. I assume he is falling into the trap of believing that he is the norm and so everyone is like him and stuck on SVR too.

Even then some lenders like halifax were offering every single mortgage holder on the SVR to transfer to a fixed rate. They said there would be no credit checks, no fees, no LTV limits and even those with poor payment records would be accepted.

It would be interesting to know how many moved onto this fixed deal because, according to Graham, at the first sniff of rate rises there would be a rush to fixed rates. By this logic most people on the Halifax SVR would have transferred to the fixed deal. Anyone who is now on the Halifax SVR is there by choice.

Don't know if this happened or not. I seem to remember the deal wasn't too bad either especially for those in a challenging financial position.

RenovationMan

wotsthat wrote: »

It would be interesting to know how many moved onto this fixed deal because, according to Graham, at the first sniff of rate rises there would be a rush to fixed rates. By this logic most people on the Halifax SVR would have transferred to the fixed deal. Anyone who is now on the Halifax SVR is there by choice.

Well according to Graham, I'm making it up that he is stuck on SVR, so lets ask him. When Halifax (and others) increased rates, was there a mass exodus to fixed rates? Indeed, did he go onto a new mortgage product or is he sticking on SVR.

If he is sticking on SVR, then why? Rates went up, what happened to his exodus?

wotsthat

Graham_Devon wrote: »

The sort of convo ISTL is managing right now.

The sort of conversation that you won't be participating in because ISTL has that horrible habit of asking people if they can back up their assertions in any way.

wotsthat

RenovationMan wrote: »

Well according to Graham, I'm making it up that he is stuck on SVR, so lets ask him. When Halifax (and others) increased rates, was there a mass exodus to fixed rates? Indeed, did he go onto a new mortgage product or is he sticking on SVR.

If he is sticking on SVR, then why? Rates went up, what happened to his exodus?

Halifax will allow existing customers onto a 2 year fix ranging from 3.84% for 60% LTV to 4.49% for 120% (one hundred and twenty) LTV.

2 years isn't great but faced with the 'fear' of further rises surely there aren't any Halifax customers left.

RenovationMan

This conversation is following the same model that all conversations with Graham and his tag team follow.

1. Make a statement.
2. Have people question that statement.
3. Waver and realise you're wrong.
4. Tell everyone that they are closed minded and it's pointless discussing it further.

<< At this point the discussion usually ends and the Graham Gang get away with it, however, if Super RM pulls out the 'Flounce photo', they are honour bound to carry on and dig themselves deeper>>>>

5. Moan about the way the discussion is going.
6. Moan about the way people are ganging up on them (mainly because they are wrong and everyone chimes in to try and correct them)
7. Ghost out of the conversation.

ess0two

RenovationMan wrote: »

This conversation is following the same model that all conversations with Graham and his tag team follow.

1. Make a statement.
2. Have people question that statement.
3. Waver and realise you're wrong.
4. Tell everyone that they are closed minded and it's pointless discussing it further.

<< At this point the discussion usually ends and the Graham Gang get away with it, however, if Super RM pulls out the 'Flounce photo', they are honour bound to carry on and dig themselves deeper>>>>

5. Moan about the way the discussion is going.
6. Moan about the way people are ganging up on them (mainly because they are wrong and everyone chimes in to try and correct them)
7. Ghost out of the conversation.

8.Derv prof arrives to fight his corner,instead of throwing the towel in.

System

"Super RM"? !!!! off

Fella

wotsthat wrote: »

The rest of us are getting aroused by Daily Express headlines and the picture of Kirsty Allsop we carry in our wallets.

You must have a fat wallet.

shortchanged_2

RenovationMan wrote: »

This conversation is following the same model that all conversations with Graham and his tag team follow.

1. Make a statement.
2. Have people question that statement.
3. Waver and realise you're wrong.
4. Tell everyone that they are closed minded and it's pointless discussing it further.

<< At this point the discussion usually ends and the Graham Gang get away with it, however, if Super RM pulls out the 'Flounce photo', they are honour bound to carry on and dig themselves deeper>>>>

5. Moan about the way the discussion is going.
6. Moan about the way people are ganging up on them (mainly because they are wrong and everyone chimes in to try and correct them)
7. Ghost out of the conversation.

The thing is Renoman your twisted, convoluted and aggressive discussion techniques don't really help.

But I'll give you your dues Renoman, you are very astute at trying to turn the table in a discussion but you never admit when you're wrong or have made a mistake and that is a serious character flaw.

RenovationMan

shortchanged wrote: »

The thing is Renoman your twisted, convoluted and aggressive discussion techniques don't really help.

But I'll give you your dues Renoman, you are very astute at trying to turn the table in a discussion but you never admit when you're wrong or have made a mistake and that is a serious character flaw.

Freshly from a drubbing on another thread, here comes shortchanged.

So, are you ever going to tell me why I want/need HPI in order to downsize?