Posted 18 November 2010 - 10:15 AM
Dr Renter, on 18 November 2010 - 10:13 AM, said:
£350,000 x 5% is £17,500 annual savings
Take off the £11,200 you say you'll lose and that's £6,300 or just over £500pcm.
You post as though stupidity were a virtue
When in a hole, stop digging.
It looks to me like there is a massive coordinated attempt by the various VIs to engineer a spring bounce by press releases and trolling popular Internet forums such as this.
Following the reported 1.9% monthly rise from a government controlled lender and the (expected) 0.5% rate cut, this forum seems to be targeted by bulls, many joining in the last few day to talk up the market.
The general drift seems to be... 'Savings accounts are paying a pittance so get into property now and pick up a bargain'.
I wonder if the various EA and lenders associations are emailing their members, suggesting that joining this forum to talk up the market would be a good idea.
Note: The above was posted in late January 2009, the following is updated as and when required.