moneyfornothing

What if... this September we see IRs cut to 2% like in the US.. would that be credited to GB as a masterstroke from the 'Iron Chancellor' ?

BBC attempting a 'Look into my eyes, look into my eyes ... the eyes, the eyes ... 3.. 2...1 .. you're back in the room !! and maybe have their fingers crossed as well !!

"what the people of Britain are concerned about is what is happening to their mortgages" There can be only one way to interpret the above .. "what I am concerned about is what is happening to my mortgage" and that is precisely what will govern all his decisions.

It gets repossessed after that date ..

cpid ... Brilliant Post !!

Folks, one of the greatest tragedies of our times is that the biggest bunch of VI's that have substantial property investments and are interested in HPI are MPs themselves. How many properties does our former PM own ? You can bet all of the MPs are paying mortgages on their 2nd homes .. would they want the BoE to raise rates ? They will see the Pound tank and inflation rise before they take a hit on their mortgage payments and property valuations. This is how the gains of HPI will be privatised and the losses socialized. The average Joe will pay over the odds for his daily neccessities so that property owners save on their mortgages. No MP looking after his own interest would acknowledge that a return to 3.5 times avg salary is something they would look forward to. Vince Cable is the exception that proves the rule. Future generations will see this period and these 'leaders' for their true worth. In the meantime, its you and me who will pay for their follies and their gold plated pensions.

No longer there but here's what they did 1. Replaced expensive pens with cheap biros, other stationery downgraded 2. Replaced paper cups with plastic 3. Cut down from 2 coffee machines to one (across 2 floors) 4. Reduced toilet paper quality 5. Cut number of regions from 7 to 3 (boundaries - less area managers) 6. Reduced staff - 40% 7. Stopped all investment in new equipment (long term poor performance on output) 8. Stopped all team meetings 9. Took company cars off all those not reaching 12,000 company miles per year (including field engineers) 10. Introduced central dept for booking approved hotels and travel 11. Sent memos to cut down on printing etc. 12. Stopped replacing broken flurescent bulbe unless necessary 13. Assessed all contracts / contractors and chopped 60% of them 14. Reduced advertising by 70% 15. Recycled IT equipment - ban on any new purchases 16. Reviewed software licences and reduced 17. Stopped weekly pub fest 18. Reduced mobile phone allowance 19. Reduced overnight allowance (Travelodge - room only) 20. Extra scrutiny on expenses 21. Replaced contractors with lower paid staff (less of) 22. Cut training courses (80%) 23. Centralised regional offices and cut more staff 24. Re-negotiated all out-sourced contracts 25. Reduced number of buildings 26. Usual save power etc. emails / posters 27. Replaced subsidised canteen with non-subsidised canteen 28. Replaced non-subsidised canteen with microwaves / vending machines There are more - this had been going on for 18 months, moral low!! quote] BT?

You can be sure that the suits in Whitehall have more than one property and will do anything to keep / extract their value in the near term ..

Bank going bust wouldnt mean the houses dont get reposessed ... that will happen anyway ?

And letsnot forget, he must have the remaining 36000 MEWed which would explain the price..

He's not selling it till prices fall to the 1000 quid he 'invested' on it back in the dark ages.. ahhh denial

Does anybody really believe that ? The guy spouts the same VI speak on 'supply and demand' - he really believes in his 'shared equity scheme help for FTBs' - I am amazed why they dont trumpet house price falls as a success for their affordable housing policies ? Truth is the lot of them in Parliament are multiple property owners and will behave like VIs even in the face of bringing the economy to its knees. Once and if this mess blows over, there will be far reaching changes to the laws of the land that will prevent politicians from making decisions because of VI.

So whats the prediction for the UK ? Drying up of easy credit or collapse of the financial system ? Brilliant guy ..!!

A difference between Kaupthing & Icesave accounts .. the former is equivalent to a bank with branches in UK and covered by the same compensation scheme as other UK banks. Icesave is not covered to the same extent by the UK banking system.

I've got it ... this is how the minister must have worked it out ... $51000 for 10% share in a Barratts box ... the rest comes from the FTB on a shared ownership mortgage ... brilliant ..!!