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fiodyl

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About fiodyl

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    HPC Newbie
  1. Has ther been any change to the rate the government pay mortgage interest at? It used to be BOE+1.58
  2. Nothing new as far as I can see, except is this now being introduced ASAP? Wasn't it previuosly going to take effect from 1st April 2009 ?
  3. I did the majority of my christmas shopping today but, although I bought alot, I actually spent very little. I used the 3 for 2 offers in Boots to get all chocolates and smellies etc, and paid using advantage card points. Kids toys came from Woolies paid for with vouchers (unlikely to be valid beyond the end of the month) and all wrapping paper, gift tags and cards came from Poundland. When I stock up on extra food and drink in the next couple of weeks, it will be paid for using Tesco clubcard vouchers saved throughout the year. Appearances can be deceptive-I strongly suspect I wasn't the only shopper doing this today.
  4. We are doing something similar to the OP, but for slighty different reasons. Neither of us are high earners, so we can't afford to pay a huge mortgage and are instead aiming to save around 50% of the house price before we buy. I do agree with other posters though that 15 years is a very long time to be planning ahead. We hope to be able to buy in a couple of years time, as deposit saved+affordable mortgage should= price of house by then. I like to think of it as paying the mortgage now, every month we make a transfer into the savings account. It has also proved to us (and future potential lenders) that we can afford it.
  5. I think most people are doing just that, Kaupthing's phone line have been permanently engaged since 8am.
  6. Over the past month I have lost all confidence in banks keeping my money safe, so I've just opened a NS&I savings account and will be moving all our savings into that (and possibly some premium bonds) out of Barclays, Halifax and Natwest. We have worked hard for what we have and don't want to risk losing it, even if it is below the £50k guarantee limit. I have to keep my current account with barclays open though, to have wages paid in and direct debits go out, but I have been looking for an alternative/safe place to keep cash (besides a shoebox under the bed) that i can get access to easily in the event that all the banks collapse and cash machines run out of money. I've been looking at the Post Office Card Account. You have to be recieving a benefit to open one, but I think child benefit would count. I'm sure the government would have to make sure people could withdraw money from these accounts as alot of state pensions go into them. What do you, wise people of HPC, think? http://www.postoffice.co.uk/portal/po/cont...ediaId=19900206
  7. 28,SAHM/ex-Jobcentre employee made redundant earlier this year. Paying £302pcm rent on a 2 bed council flat with my partner (call-centre worker on £12.5k pa) and our 2 pre-schoolage children. Currently looking for a job that will pay me more than I would spend on childcare/ work that will fit around my partners shifts. We have no debts and live within our means, saving everything we can towards our dream of one day getting out of this hell-hole sink estate. We have £24k so far that is all being transferred out of our savings accounts with Halifax, Barclays and Natwest into N,S&I this week.
  8. I wasn't being ironic, I just think that it is necessary for the money to go in at the bottom in order for it to work its way up through the chain. Whether that is by a system of handouts or one of tax reduction is a different matter. I personally would prefer the latter, as both my partner and I earn below the average wage.
  9. But would you not agree that it is necessary to give these people money, so that they can spend it in the cafe/pub and the owners of these businesses make a profit? Sure, they will have to pay taxes out of that, which will be returned to the poor, but (as by definition the poor will not keep hold of that money) eventually that money will again produce more profit. Therefore, by giving more money to the poor, the poor will not get any richer, it is the rich who will.
  10. Equity in a property you live in is not counted as savings ,but moving money into an offset account in order to claim state benefits would be classed as deprivation of capital.
  11. Not sure that 'loaning' the money to a friend would work, the LA/DWP will ask to see your bank statments, class this as deprivation of capital and assess your claim as if you still had that money anyway.
  12. I'm in agreement with that. We can use your worthless paper money as fuel for our bonfires.
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