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fixed mortgages should banks gain from their sub-prime fiasco - Page 9

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fixed mortgages should banks gain from their sub-prime fiasco

edited 27 March 2014 at 12:01PM in Mortgages & Endowments
153 replies 8.2K views
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  • kingstreetkingstreet Forumite
    36.4K posts
    Ninth Anniversary 10,000 Posts Photogenic I've helped Parliament
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    Unless I've missed something over the past four, admittedly very interesting, pages
    Can I recommend you go into user settings and choose the 40 posts per page option? ;)
    I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.
  • AndyT678AndyT678 Forumite
    756 posts
    Back in the room, I nearly missed your thread.

    You analogy fails to see this would be an act of god and not an act incompetence.

    But suppose this God person has been instructed to maintain nothing but clement weather during the period then it can only be incompence or mailice.

    Do you now insist that the bookie allows you to change your bet?
  • What? So if you were offered odds of 100/1 on a roll of a fair die landing on 6 you wouldn't take it? [Or, at least, no more likely to take it than if the odds were 2/1?]

    I wouldn't let 100/1 make me believe it had more chance than the numbers
  • If you say so. Please tell me how you come to this conclusion? and how much do you know about me after one sentence of disagreement with your thought process on the matter!

    If you succeed in your complaint, then please share. My bank have also been implicated in the credit crunch saga and I may have a few cases against them then:
    - Very low interest rates on my savings, my savings were doing much better before.
    - Credit crunch meant my pay rises have failed to keep up with inflation and hence lower quality of life.
    And many other issues other people have encountered I'm sure. Listen, we, as a collective, all have grievances and feel an injustice with the way some in the financial world have acted, and how their wrongdoings brought the whole system to almost collapse, and hence pain and suffering to many. But I genuinely feel that your argument if flawed and that you are comparing apples and oranges.
    Good luck to you anyway.

    Thank you for a fair summary the only difference with the poor savings rates available is that you have other options available and are not tied in.
    All the other things you add are true??
    If you'd have said this in your orig OP I would have known your thoughts
  • JimmyTheWigJimmyTheWig Forumite
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    I wouldn't let 100/1 make me believe it had more chance than the numbers
    Doesn't make it any more likely.
    But it does make it worth betting on.
  • edited 28 March 2014 at 5:30PM
    jonesoswestryjonesoswestry Forumite
    63 posts
    edited 28 March 2014 at 5:30PM
    AndyT678 wrote: »
    But suppose this God person has been instructed to maintain nothing but clement weather during the period then it can only be incompence or mailice.

    Do you now insist that the bookie allows you to change your bet?

    Incompetence I would say if I was a religious man.

    If the bookie had stopped my horse and therefore created a situation I could no have foreseen then absolutely YES.
    If not then at least a free bet and no penalty to make it.
  • Doesn't make it any more likely.
    But it does make it worth betting on.

    From experience I would have to check the dice wasn't loaded
  • i have read through all the threads you have explained and I can 100% see where you are coming from.
    I dont know that the Woolwich would have been aware of what was about to happen but I find a 3 year fix on higher than a 10 year fix very strange. Why do people think they cant predict if that is exactly what they did manage to do.
    You were correct to have issue with broken record fool as he had only posted one thread.
    I could be wrong but I was fairly sure that we had our endowment set up by a mortgage adviser who obtained commission but nobody else has jumped to tin foil hat mans aid on this this.
    The fact that the majority of the people who have stated there opinion are the very people who have been at the centre of this farce should not deter you from your complaint.
    You are right the majority of these so called experts deserve rude comments as they are quite happy to issue them.
  • i have read through all the threads you have explained and I can 100% see where you are coming from.
    I dont know that the Woolwich would have been aware of what was about to happen but I find a 3 year fix on higher than a 10 year fix very strange. Why do people think they cant predict if that is exactly what they did manage to do.
    You were correct to have issue with broken record fool as he had only posted one thread.
    I could be wrong but I was fairly sure that we had our endowment set up by a mortgage adviser who obtained commission but nobody else has jumped to tin foil hat mans aid on this this.
    The fact that the majority of the people who have stated there opinion are the very people who have been at the centre of this farce should not deter you from your complaint.
    You are right the majority of these so called experts deserve rude comments as they are quite happy to issue them.

    Thanks for the post but I expect you'll get the same level of abuse as I did off 'tinfoilhat' man but just as well broken record guy has left the building
  • BillJones wrote: »
    Precisely. Plus, of course, he'd need to assume that the bookmaker knew that the rain was coming, but offered "teaser" odds on a horse that he knew would suffer in the wet.

    I wonder if this guvnor really works in the financial trade? Iguess he is rude enough to
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