MrFlibble

Until the cheque is cashed your old provider gets to keep the money and pay you zero interest. The more they delay sending the cheque the better for them. But off course... The new provider could have cashed the cheque while still claiming they haven't received it. They hold the money and you see no interest on it. The more they delay the better for them. The cash is in an account, but not an account you can see it in, instead it is sitting in the banks slush fund account. Since you have no way of getting a straight answer out of either institute then you are left in the middle wondering if you are simply being gamed or there is a genuine problem. The few quid they fleece of you isn't a big amount, but when you multiply it over many thousands of transactions they are creaming it in. They are all fookers the lot of them :angry:

And meanwhile the money is in neither account and earning zero interest :angry: I'm sure I've transferred in virtually every year since these poxy ISA's started, but last year was my worst to date. Bank A said the cheque was sent on a certain date but Bank B claimed it was not received until a date way in advance of the sending date. Obviously one of the banks was taking the p1ss but I was never 100% sure which one. I bellyached to Bank A and costed the 'out of account' amount I thought I was due because of the excessive delay. Bank A did eventually pay me this amount after I told them I was going to close all my accounts, but it took them almost a month. Not sure if the fact I had my STR fund with them influenced their decision any The real issue with ISA transfers seems to be that in the 21st century banks are still mailing cheques to each other. It only takes a cheque to really go missing in the post and you could be left well out of pocket while you play bank ping-pong. Hope you get this resolved as I've been then and it isn't funny.

Oh for the love of Pete, can we stop trying to protect this fictitious recovery and start embracing some reality? It was bad enough we created some growth on the back of £200bn in freshly printed money, but now we have to go through the constant pain of trying to maintain some positive figures so the recovery can be claimed to be 'locked in.'

Brutal but so true

A half decent interest rate is viewed the same way as house prices going down - apparently bad for everyone - go figure I'd say the honeymoon period is now over, which was basically the last 12 months of the Brown era where everything including the kitchen sink was thrown in to keep prices inflated. IMO the last tools in the bag were wage inflation and more stimulus, neither of which look to be materialising now. With austerity being the new in thing then other than low interest rates there is nothing to keep this house of cards from crashing down. I'd still like to see the base rate rise - it's high time savers saw some sort of return on their cash. STR funds need love too, especially while they sit out the housing crash

Sentiment at the minute is positive so the sellers are trying to screw the buyers over for whatever they can get. It shouldn't be long now before the coin flips as it would appear the current rally has run out of steam and the market is getting flooded. Don't worry, in a few months it will be you doing the laughing, at both the estate agents and the sellers.

If they cannot get something as simple as this put through without umpteen clauses in there then how the hell are they going to sort out the deficit and reduce our debt pile?

Brilliant, I like your thinking

I turned up on the high street a couple of weeks ago but there was a big scary leaf flying toward me so I legged it - not been back since

The vantage point is quite nice, you can sit out on a summers evening looking over the ugly mother of an house you bought for 80% more than you should have The UK keeps getting better and better, at least from a comedians point of view

Anyone seen my violin? I seem to have misplaced it Let the good times roll...

A negative right at the point when the Spring bounce should be in full fling - now that would paint one ugly picture

Seven hundred grand for a house that looks like it was made out of plastic - marvellous. I notice they quote the price in Dollars too, yours for just over one million. If there are any Americans looking at this thread then please ease off from the belly laughs

What could possibly go wrong? Houses only ever go up

They love robbing savers don't they? fvcking basturds. Buy a house or we'll burn your savings - what a policy I'm not seeing much of a change from the new administration either, the only change so far as been Sterling loosing another 10c on the Dollar.

You are not alone

This place has been on sale now for at least two years and the vendor doesn't seem interested in shifting it at all... http://www.rightmove.co.uk/property-for-sale/property-29939576.html I've not looked at the place in person but it keeps cropping up in my alerts - tired of seeing it to be honest! I think this is a classic from the boom years, no doubt a part of someone's backyard that some wise-guy builder bought to erect a shoebox on and charge quarter of a million quid for. Hopefully this will fetch £75,000 in a few years time which is probably about the right price for it.

2c down on the Dollar after this little announcement

You are not alone in thinking this about interest rates. I gave my parents a bollocking over the weekend for locking both their ISA's up at 3% for 3-years. The bankers backed by the government are gaming us and it is hard to see the wood for the trees right now. It will be interesting to see how the new government pans out once the coalition has been decided. Hopefully things will start moving in a sensible manor, pushed by the markets if need be.

It's the miracle economy. The housing market no longer needs FTB's either it would seem

It is very annoying. I went the US Dollar & Gold route but I did expect to see a paper profit on housing this year as well.

Buy a house or we'll burn your savings. I take it you have accepted this message too then?

Merv may have other ideas - he's not keen on a strong Pound at all.

Why don't you just buy a piles of bricks in good old Blighty? Cannot go wrong with bricks and mortar

All we need now is a hung parliament and a load of bickering about cuts... Better fill the tank up while it's still less that £1.50 a litre