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About Quicken

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  1. In a free market, wouldn't these 'prisoners' face a margin call situation?
  2. If they had plenty of equity then they would be able to remortgage. Clearly they do not.
  3. You'd be surprised. I was at the bank yesterday and the employee serving me at a desk looked completely blank when I mentioned Cyptocurrency, then asked how you spell that - Kripto..?
  4. It isn't retrospective in any sense is my point. It doesn't matter what the customer assumes. Just as with savings accounts with teaser rates that drop to zero, short term fixed rate mortgages have a teaser rate followed by SVR. They are priced accordingly. The assumption that you can just sign up to another fix, as good or better than your old deal, when your teaser rate runs out is just an assumption - and one that was suitably demolished in the Big Short. The FSA describes the MMR as: The reforms introduced under the Mortgage Market Review deliver a mortgage market that works better for consumers and is sustainable for all participants. It isn't just to protect consumers - it's designed to make the market sustainable - i.e. constraining risky lending and protecting the taxpayers.
  5. I like your thinking. Roll on MMRv2 first. As you suggested - less than 4 LTE and maximum term of 30 years or time to state pension (whichever is smaller).
  6. According to the FCA: https://www.theguardian.com/money/2019/jan/10/four-in-10-uk-first-time-buyers-will-retire-with-mortgages-fca-warns Jumbo 40 year mortgages.
  7. Consider the millions of savers who signed up for a one year 'bonus' account and now receive derisory ongoing interest due to zirp. Bet they'd like pre-crisis interest rates but the market has changed.
  8. Debenhams going great guns again today. Doubt they will last the year in current form. Ashley looming over the deb zombie.
  9. This is not retrospective legislation. They can continue on the mortgage they signed up for, but they want a new product so the new rules apply. Effectively, what this is lobbying for is giving better mortgage terms to existing, overstretched people than they give to first time buyers. Bad move.
  10. Economy Energy is toast: https://www.bbc.co.uk/news/business-46798461
  11. Good call. Maybe Unicredit. Also UK challenger banks - Aldermore. Maybe even the UK - NI, Scotland.
  12. It is worth remembering that mining is subject to income tax: https://www.gov.uk/government/publications/tax-on-cryptoassets/cryptoassets-for-individuals Best of luck, Q
  13. You're calling May's deal BRINO? Outside the Customs Union and the Single Market. It's less EU than Turkey.
  14. And Banks. Don't forget the banks. https://www.reuters.com/article/uk-britain-eu-swiss/swiss-approve-text-of-trade-deal-with-britain-idUSKBN1OD1FZ
  15. Expect Jeremy will be having a chat with Arlene. Might be time to pull the trigger.

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