More Breaking news Help2Buy II starting now...

MrRee_2

I may buy my Holiday Home with this ... nice one!!

Am I the only one feeling the upturn in confidence? Bought a new car last Saturday ..... hell, money is making nothing in the Bank.

SPEND people ...... rejoice! Enjoy the wealth creation from the housing price increase.

I can feel the pain and anguish from those over on House Price Drop dot con!

chucky

ILW wrote: »

Errr.
i believe the interest alone is around £50 billion per year. That 1000 million pounds per week of totally dead money. Just think how many houses that would build, or how many small businesses it could get off the ground.

A very simplistic answer of the typical Daily Mail reader who doesn't understand the bigger picture.

Well done, keep up the good work.

Thrugelmir

CLAPTON wrote: »

most UK is 'owned' by UK people

Less than 50% of UK listed shares are now owned by UK individuals or institutions.

ILW

chucky wrote: »

A very simplistic answer of the typical Daily Mail reader who doesn't understand the bigger picture.

Well done, keep up the good work.

Explain what is good about paying loads of interest to foreign countries please. I would be happy to know.

If we had spent just a little less over the last few decades, we could have been much better off now.

Graham_Devon

One question....

Lloyds and RBS have signed up to this, and had done so before it was even announced.

RBS have even stated they will extend their branch opening hours by 2 hours each working day to cope with the demand! Seems they are expecting a stampede.

But the question is....we don't know the detail, and other banks are awaiting the detail before deciding whether to join in.

The banks will have to pay a fee for every government backed loan. So how can RBS and Lloyds sign up without knowing this detail? How can RBS extend opening hours with immediate effect from next week without knowing the detail?

Or do they? Which surely leaves the government open to claims they have dealt with these two banks exclusively?

Seems somewhat concerning that RBS and Lloyds have jumped in without knowing the details? Also seems somewhat concerning that the government would deal exclusively with the two rescued banks, dealing with our money before making the detail public, or at least informing other banks?

Loughton_Monkey

Graham_Devon wrote: »

One question....

Lloyds and RBS have signed up to this, and had done so before it was even announced.

RBS have even stated they will extend their branch opening hours by 2 hours each working day to cope with the demand! Seems they are expecting a stampede.

But the question is....we don't know the detail, and other banks are awaiting the detail before deciding whether to join in.

The banks will have to pay a fee for every government backed loan. So how can RBS and Lloyds sign up without knowing this detail? How can RBS extend opening hours with immediate effect from next week without knowing the detail?

Or do they? Which surely leaves the government open to claims they have dealt with these two banks exclusively?

Seems somewhat concerning that RBS and Lloyds have jumped in without knowing the details? Also seems somewhat concerning that the government would deal exclusively with the two rescued banks, dealing with our money before making the detail public, or at least informing other banks?

When was HTB first announced? Ages ago. Wouldn't you think it 'normal' that Civil Service departments have set up rigourous inter-departmental working parties, think tanks, and liason meetings with the banks, the banking bodies, the BOE and Uncle Tom Cobley and all?

I would be staggered if they hadn't. These banks presumably know enough detail to give them confidence that their systems can cope (and government likewise).

This is how the world works.

Graham_Devon

Loughton_Monkey wrote: »

When was HTB first announced? Ages ago. Wouldn't you think it 'normal' that Civil Service departments have set up rigourous inter-departmental working parties, think tanks, and liason meetings with the banks, the banking bodies, the BOE and Uncle Tom Cobley and all?

I would be staggered if they hadn't. These banks presumably know enough detail to give them confidence that their systems can cope (and government likewise).

This is how the world works.

I think you miss the point.

RBS and Lloyds have signed up.

Barclays, HSBC, Yorkshire etc are awaiting the details before signing up.

So how can RBS and Lloyds sign up without knowing the details, and be fully on board before the announcement that it was to start next week? Unless of course they knew the details, but the other banks are waiting...

No need to dumb down everything I say, especially considering you state it's pretty dumb anyway to which I have no idea why you spend so much of your own time trying to dumb them down. I was just asking a question as it seems bizzare that two banks would jump in without even knowing the main detail.

grizzly1911

Graham_Devon wrote: »

Or do they? Which surely leaves the government open to claims they have dealt with these two banks exclusively?

Seems somewhat concerning that RBS and Lloyds have jumped in without knowing the details? Also seems somewhat concerning that the government would deal exclusively with the two rescued banks, dealing with our money before making the detail public, or at least informing other banks?

What is surprising about it?

Why do the other banks need to be involved apart from spreading the risk?

With the government as major shareholder why not just tell them to lend?

When FFL and all the small business lending initiatives were being talked of they should just have told RBS and Lloyds to "lend" more. Perhaps introducing some form of BOGOF deal.

Graham_Devon

grizzly1911 wrote: »

What is surprising about it?

Why do the other banks need to be involved apart from spreading the risk?

With the government as major shareholder why not just tell them to lend?

When FFL and all the small business lending initiatives were being talked of they should just have told RBS and Lloyds to "lend" more. Perhaps introducing some form of BOGOF deal.

Gives RBS and Lloyds a competitive advantage doesn't it?

grizzly1911

Graham_Devon wrote: »

Gives RBS and Lloyds a competitive advantage doesn't it?

Puts the Government directly on the line.

Contains ant future issues, with a direct line to the treasury.

Perhaps the others don't want to play? Maybe better quality business is available without participation?

The other banks will no doubt be coerced to participate regardless of the terms to mitigate the risk of my first two points.