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Everything posted by nicebuyer

  1. Plonker. The onus is on you to provide evidence as to why a guaranteed FSCS scheme is not valid. Until you can you are talking crap. Ultimately my evidence is the documentation from the FSCS, Statements from the Treasury, my own experience and knowledge (I work in the banking sector) and what many independent experts say. It's up to you to provide the proof, not me. But as I'm here, I'll start: Official: http://www.fscs.org.uk/ Unofficial: http://www.moneysavingexpert.com/savings/safe-savings So come on Mulder, show us the evidence of this great conspiracy.....
  2. Where did you get this magical 30 year figure from? What if I said you would get your money back within 14 minutes, 34 seconds after the bank went down? Would my guess be any more or less accurate than yours? Just remember, people here read this forum and trust what others say. Things that you or I type out might influence another person in some way. This might cost them £500 or £5m. Either way we should make sure that we don't make things up because it's fun or because it's what we 'believe'.
  3. CO is safe. ING is slightly different because although registered, they are part of a passport scheme. This means that only part of your money is covered by the UK scheme. Personally, and this is just my opinion, I would take my money out of ING and put it in Kaupthing or IF. In any case, ING, historically, have been pains in the *** with their rate chasing. However ING are huge, will they go bust? Maybe, is it likely, probably not. Maybe, if you want to be really safe you should limit your exposure. Put your £50k in 10 different banks. 20 if you like. Whatever makes you feel safe.
  4. Of course, getting your money back in good time is certainly a consideration but that's very different to not getting it back at all. Yes, if you have a debt with that institution then they will deduct, but that's only fair.
  5. You're talking rubbish as well. Jesus, why do people like you insist on putting out messages that are completely false? Please do your research first because the things you write might just cause one person to do something on the basis of what you type. You keep talking of a pot, there's no such thing as a 'pot'. Even describing it as a pot i misleading. Yes other schemes are being looked at, not because the current one does not work but because others would be more effective in getting money out more quickly and having liquidity in the scheme upon commencement. If HBOS goes down anyone that has £35k will be protected. End of story. If you have a link to an expert that says otherwise please give it to us. Otherwise stop worrying people for no reason.
  6. I know the maths, he is talking nonsense. It seems as if you haven't done the maths. The Govt may not have the resource to bail out a larger bank (although with a multi that task might be taken up by others) but the £35k guarantee is safe. There's no problem there, the pot of money for the guarantee is, to all intents and purposes, endless, it's unlimited, it's high enough to pay for 50% of the banks to go bust. Don't forget, the pot is levied amongst other financial institutions eg insurance. The worst case is that the money levied is borrowed. I wish people would stop spreading scare stories like this.
  7. But to be fair, that has been the case, still was up to 6 months ago. Home owners have, in the main, been massive winners from all of this. That could of course all change over the next 18 months. People that were 'worth' £2m might only be worth £200k.
  8. The front page states: "IMPORTANT - This Agreement is not subject to the Housing Act 1988 (as amended by the Housing Act 1996) and the tenancy hereby created is NOT an Assured Shorthold Tenancy." Can they do that?
  9. I did wonder whether it's because the landlord is actually looking to sell at some point and therefore wants the ability to move us out quickly. However the rest of the agreement does specify that there is an initial 6 month term so I doubt it's that. Maybe this particular EA just uses non house act agreements because that's the way they work. Is this common?
  10. I reckon £20 a week is a bit cheap. I remember selling my first ever flat in London. It was in a grand old Victorian house, apart from this one house that was split into flats the rest of the street was lined with £3m+ properties. It was a lovely little property and being naive I decided to get Foxtons in to sell it. I found out rather quickly that they had no interest at all in selling my poxy £200k flat, they just wanted a board up on this particular road for advertising purposes. They couldn't care less about selling it, indeed the longer they had it on the books the better;. After all, free advertising on a premium London road? Good job! So I caught then out lying about showing people around. They lied on a number of occasions. I told them I wanted to leave them but they insisted they had a contract for another 8 weeks and they said they would not take the board down from outside the house. The company I worked for gave us company lawyers to use for legal matters, the one I got was a funny guy, we decided we'd teach them a lesson. We sent a letter to the Foxton's office detailing how, for over 4 weeks they had breached the terms of the contract. We included an invoice for advertising outside of my house, I think it was for about £6k and also requesting damages, loss of earnings, basically anything we could hit them with. The total was for about £20k. Guess what? The sign was down two days after the letter was sent and not a squeak from the agent ever again.
  11. Why would an agent want to use a non housing act tenancy agreement? I understand that they would then be free from protecting the deposit unlike if they had an AST. But what other reasons are there and as a tenant, are there any major issues or things to look out for when faced with a non housing act tenancy agreement? EDIT* This is all assuming that one would qualify for an AST, i.e not a company let, rent under £25k etc etc.
  12. EUR's a safe bet but I wouldn't empty my coffers of those yankee $ just yet, they'll continue to get stronger I'm interested to see by midweek if your NZD prediction is correct. Betcha a pip it's not
  13. BTW, if you have money to invest then forget currency, you want to buy some antimatter. I believe it's seen a four trillion % rise since 1999 hehe. Seriously, antimatter, Cocaine or Saffron would be a solid investment right now. Isn't LSD up there too?
  14. I'm liking GBP/USD at the moment but worth a punt for a quick short term gain would be AUD/JPY. Perhaps the high has already passed in which case some might suggest the NZD pair would see some good action at the start of next week. But it's anyone's guess at the moment
  15. Oh sorry, just a quick update then, are we agreed that the LR is correct and house prices in London are on the increase or is the LR wrong and need we be wary of figures they produce?
  16. Apparently a 0.7% monthly gain and 1.7% yearly gain. To make matters worse only a -0.6% drop in prices nationwide. Can't be right can it? http://www.findaproperty.com/displaystory....p;storyid=22472
  17. Knight Frank I'd like to ask them how many properties they've sold in Wimbledon over the past two months. Can I have a guess?0 LOL I can see a lot of their super rich property sitting unsold at the moment. It certainly is detached from the slump, prices are steady because no one is buying it This one for example: http://www.rightmove.co.uk/viewdetails-18188084.rsp Good luck selling that.
  18. Yes, they are covered and it's recent results showed a strong position. You'll also get your £16k + £9k back pretty quickly and earning interest, in any case, we're only talking about £25k, it's not exactly earning a fortune is it? No matter where you put your money it's at risk of losing interest whilst you're waiting to get it back. Indeed I'd rather have my money with KE than with RBS!!!! Wouldn't you?
  19. If you have £25k get on the interweb and open a Kaupthing Edge account: http://www.kaupthingedge.co.uk/ 7.15% for a 12 month and 6.5% for short term.
  20. No, depends on how much you have. If you have enough and have a premier account at HSBC they will send someone to escort you to the bank and open an account there and then. But yes, in general terms it takes a little while, my wife's Kaupthin account just took a week to open. Capital One are pretty slow at the moment too.
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