Redcellar

Is a Dudley BS Mortgage also called a Liar Loan? Oh wait, you meant Building Society. Now I get it.

Well people on variable rates have enjoyed unprecedented lows for several years now. Maybe they forgot that the average rates are not less than 4%. If they did then oops, but more fool them. Its easy to have a rise of 38% or more when you were only paying 0.5% or 1% if you had a BOE tracker of some sort and are coming off it. That is what will be the undoing of many. 'Expectations' that rates will be less than 5% 'always'. Savers need more than that and banks want money in the coffers (i.e. attract savers) now the government funding is expiring, so get used to it, its on the way back up again.

Its a perfect job. Get rid of anyone with an ounce of common sense (not many) and then when you leave, the fools won't be any the wiser that you didn't do anything useful. In fact you may even get another contract.

What a load of sloblocks. Twice as much as the primeminister. I wish he were a contractor and only had the job for six months. I suppose in a coalition maybe he does?

The market failed to regain momentum. What a joke. They were saying the snow and then the election meant figures were one off weirdly low, but everything was ok and would adjust itself later. Now those have both gone .... 'its run out of steam'. Admit it media, you all called it wrong, the market was never there and now you've been caught with your trousers down.

The market is fine. It's just had a bad month because of peculiarly hot weather and England on TV.

Well cutting contractors will pay back immediately, but my understanding is the problem is the permanent employees and in particular increasing payroll, benefits and pensions for them. Pensions is the real killer and you don't reduce that by getting rid of contractors. And the other interesting thing is why do you need so many contractors in the first place? Regular employees not up to the job in some way or other? So cull the contractors and what will be the fallout. Something isn't going to work right.

Yes I read this "AHDB is funded by a statutory levy (a parafiscal tax) paid by producers, growers and processors and AHDB is responsible for the collection of all levies. Levies raised from each sector are ring-fenced to ensure they can only be used to the benefit of the sectors from which they were raised. The responsibility for setting and delivering the strategies to deploy the levy income is delegated to six AHDB sector boards which are comprised of levy payers and other stakeholders from each sector." But all the papers have latched onto the same story. Seems journalism requires no actual research anymore, just a good bit of gossip. P1ss poor.

I agree. If they tax me greatly I will not consider the benefits to match the risk I take. Fair point. Though I wonder how many people do have shares. Anyone got any numbers? The point will be though, IMHO I believe we would not miss a significant reduction in second home owners but we would in shares. The impact on shares is more significant to the economy as a whole.

I think I misunderstood you then I thought you may be proposing a complicated adjustment of profit based upon home improvements causing an increase in value beyond the cost involved, which would be horrendous. Imagine if I get my drains unblocked = home improvement or my garden lawn mowed = home improvement. Actually that could still happen??? Is anything I do that potentially adds to the value a tax deductable cost?

Stocks and shares are not comparable. In buying shares I am in effect loaning a company money so that it can trade. They employ people, grow further and generate jobs and other positive benefits.

It should and will apply to improvements. You would offset your gain by the 'cost' of the improvements anyway. Anything else would be daft.

It makes sense why the judgement went that way. Until the case against PC World was judged then the agreement must stand and payments be made. Then when they judge rules against PC World the credit agreement can be cancelled at the expense of PC World. He tried to do too much too quickly in the wrong order. Of course the contract with the third party stands until it has all been decided in court. If we all just stopped paying 3rd party contracts because we felt something was unfair then the world would grind to a halt.

Looking at the HR lady's wage, probably £100,000?

Ed Balls??

A few letters won't make a difference. We had the election last month so they are safe for five years, and the country needs to be drip fed money for years to come, so this will definately go ahead. They can't keep putting off raising cash when a few well off decide they don't like the idea.

They do hedge. Part of it was to sell the mortgages to others and take the profit up front aka securitisation. They do lots of other stuff to but it only covers them to an extent. A big drop and they are stuffed.

Surely Germany will now pull out of the Euro. They were contemplating it during the Greek crisis, so now the Spainish are asking for billions?

Absolutely. God help us should people feel obliged to pay their debts in society. No one really loses out after all do they? I mean it's just a bunch of faceless corpororations after all. What do I care if my fecklessness and lack of morals means I walk out when the going gets tough and stuff all the little people who loose their jobs, or the pensioners who lose on their pension funds as a result I am alright jack, and I don't care about anyone else. Lack of morals is killing this society.

Absolutely. I was thinking the same. Man in court making claim: "I didn't know what I was getting into, I thought my repayments covered the whole of the mortgage" Magistrate: "It was called an 'interest only mortgage', you sir are an ass. Bank wins"

If the old people sell quickly then they will be OK, surely? Convert it back into cash. Sure you won't be on the gravy train for the next X years but you had a damn good run. Invest in something else if they feel they must. ~Selling up seems to be the answer. There were loads of people (I know personally) who bought house after house, each one funding the mortage on the next two or three, just building up a portfolio and creaming in the cash. Taxing that lot is fair.

Then if it is to be taxed at a fair rate then it should be taxed at the same rate as a bank acocunts interest. That's purely dependant upon your income (including inerest etc.) and the tax bracket you fall into. That is fair. What annoys me is people could get a mortage for a house with no deposit, watch gains accrue based on prices just simply increasing, cash them in and expect to pay a tiny amount of tax. That is where the system is broken and simply needs to be fixed. It encouraged greed and the same greedy people are now complaining it's not fair, you want me to pay tax for an income, boo hoo hoo.

But the master bedroom has a cupboard for midgets. (It's under the very low overhang!). That must add £100K to the value. Its an awful layout, totally impractical and will need to be redone.

And just because they are a minority of one, it does not mean they are right either. Just a thought.

I don't get the 'viewing advised' label on rightmove there? a, I was all ready to write the £450,000 cheque without checking it out at all, but you think I should go and have a look first? b, Or are you saying, you really need to see it, cos there's something badly wrong with it and you really out to think twice? Which is it please, A or B