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conspirator

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  1. It was good while it lasted. Having just dropped to 2.54% on the 9th March, another letter arrived today saying that it's going to drop to 2.00% from the 1st May. Is this still market leading for instant access? The HSBC 'Save Together' offer makes their HSBC Loyalty Cash ISA look like the most attractive option (from a very ugly group of options) for the 2015/16 contributions. £120 bonus plus some derisory interest on a £300 deposit.
  2. And in order to set a new real high, adjusted for RPI, it needs to trade somewhere above 10,000?
  3. Those first five months are needed to pay the tax on the income (last year Tax Freedom Day was at the end of May). Since rent is paid from taxed income, another five months should put Rent Freedom Day towards the end of October.
  4. But if house prices ever do drop significantly, couldn't the 'ultimate downside' be greater than that? Lose the home, and also be liable for any outstanding mortgage amount beyond its sale price?
  5. Steve Baker seemed to be saying sensible things. He recognises that money is a human social institution, and that we're not tied to one particular form of it. The point that he seemed to emphasise at both the beginning and the end is that we can't hope to get rid of the monetary system that's currently in place, but there's no reason to obstruct other monetary systems from running in parallel with it. He had three proposals: (1) continue reform of the current system, which won't be replaced until it is 'tested to destruction'; (2) support anti-orthodox research, such as that being encour
  6. Norwich & Peterborough (no fee, 4.34%) and Barclays (£1499 fee, 3.99%) currently offer 10-year fixes on 75% loan-to-value.
  7. Is a 10-year fix still an option anywhere? I notice Norwich & Peterborough have now removed theirs from their website.
  8. The most sensible places to loan money at the moment seem to be Virgin for ISAs (3% on a 5 year fix, but with the opportunity for early withdrawals at a cost of 180 days interest - making it better than the 2% alternatives as long as you plan on holding it for 18 months or more), and Santander's '123' current account for non-ISAs, also paying 3% if you can be bothered to jump through the hoops and pay the £24 a year fee. Since firstdirect dropped their rates last month, there don't seem to be any easy access ISAs that offer a real return.
  9. Was the Taylor Rule still in use anywhere close to 2008? Wouldn't interest rates have been much higher throughout the 2000s if the Taylor Rule had been used? http://historysquared.com/2012/11/07/housing-bubbles-interest-rates-the-taylor-rule-and-central-bank-folly/
  10. Looking at the BBC News article, I'm a little concerned over the quotes they seem to be choosing for the new notes: "I sell Sir, what all the world desires to have... POWER" might as well be talking about modern day MPs, "I can think of nothing else but this machine" might as well be talking about the rest of us. Add this, of course, to the mangled Adam Smith misquote on the current £20.
  11. There are a few more details on the Manchester's long-term fix here: http://www.themanchester.co.uk/mbsnew/mort..._fixed_rate.asp What would happen if the building society collapses during those 30 years? Are the terms of the mortgage protected?
  12. From today's Halifax report: "Further signs that housing market activity may be stabilising Data from the Bank of England show that the number of mortgages approved to finance house purchase was broadly unchanged for the fourth successive month in October at a seasonally adjusted 32,000. The recent flattening off in approvals suggests that housing market activity may be stabilising, albeit at a low level." So I guess they won't be able to use this argument next month then?
  13. The difference I see between this regular saver and others is 'Your Regular Saver account remains open, the interest rate applicable at the time is fixed for another year and you simply continue to save.' Is it going to be difficult to get this thing to stop after the year is up?
  14. As of tomorrow, I think ICICI are offering 7% on their 1 year term deposits.
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