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Gemma Rose

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Everything posted by Gemma Rose

  1. Does anyone know if the US banks are (have been ) passing on the rate increases properly to their savers unlike UK banks. If so does anyone know what the top one /two/ three year fixed rate bonds are offering ?.
  2. Nice piece in the Telegraph only quibble is the dubious ( ridiculous ) 12% figure that is quoted ..https://www.telegraph.co.uk/business/2018/08/12/housing-market-bubble-bubble-experts-warn-pricescould-overvalued/
  3. Let’s hope if they do increase the stamp duty level further it would take effect immediately or within a couple of weeks . Last time they did it and gave a warning it only increased house prices because landlords piled in on mass trying to beat the deadline . The cynic in me could almost believe they would do this just to start a nice little rally again as house prices look like they’re on slide 😁
  4. A concise piece of writing that Illustrate its points beautifully. It’s particularly nice to see this in a national newspaper https://www.telegraph.co.uk/politics/2018/08/05/time-conservatives-announce-new-economic-mission-lower-house/
  5. http://www.thisismoney.co.uk/money/mortgageshome/article-5951377/Rightmove-Sellers-price-realistically-properties-sold-summer.html Story also covered in The Express and City AM.
  6. https://www.independent.co.uk/news/business/news/uk-house-prices-latest-freeze-financial-crisis-bank-of-england-ippr-a8439151.html
  7. How the hell do you go from £1,000,000 to £10,000 ?. Really bad news for savers or a home seller who doesn’t intend to repurchase within the next six months and doesn’t wanna faff about dividing their money into numerous bank accounts (so they can keep each under £85,000). As already mentioned in this thread although the accounts are for one and three years you could withdraw your money before the term ended losing only a small amount of interest so they definitely suited some people even if the interest rate wasn’t the best.
  8. F@cking unbelievable to do it without the BoE cutting?. Call me naive (as all banks are thieving shits ) but I always considered NS&I to other banks in the same way as I considered John Lewis to other retailers ( sort of more decent !)
  9. I mentioned earlier that I still had an account with Secure because I thought with the performing reasonably well I take that back !. I’m in the process of rejigging my accounts at the moment and that’s why I’m up on this and I have actually closed my Secure account because (and this is important but ) these notice accounts have variable rates and Secure had gone too low for me whereas the NS&I type account we were talking about earlier is fixed. So the bottom line is you really have to keep an eye on the interest-rate with notice accounts , Although many of the notice accounts did drop their rate when the Bank of England lowered several of them put them back up again when the Bank of England raised rates but I don’t think Secure did hence why they got the boot from me .
  10. As far as I’m aware secure is ‘standalone bank ‘ , it owns various companies but they’re not linked to any other bank. I’ve had a 120 day notice account with them for a number of years in which time it constantly remained in/at the top of the interest-rate table for products of this type .
  11. http://www.bbc.com/news/business-43301333
  12. No it definitely was up to £1 million you could invest. I just rang up and NS&I and there were two different products one was called Investment Guaranteed Growth Bond which yes you could only invest up to £3000 and the other called just Guaranteed Growth Bond. The bloke on the phone said the similarity of the name had caused a lot of confusion but it doesn’t matter now as the product was withdrawn yesterday ???. They replaced it with 1.95 % bond that has the same 90 day withdrawal conditions . Although you can put up 1 million into it and of course everything is covered being NS&I the lower interest rate makes the buffer smaller should you wish to withdraw.
  13. I’ve avoided fixed rate accounts which are more than one year because I’ve been living in hope of interest rates rising ? and obviously don’t want to be locked into something when (if) it does happen but now I’m going to do a 3 year bond 2.2% with NS&I. This is the important bit you CAN withdraw your money with this particular bond at any time (hopefully when interest rates start rising or if you really needed it for something ) and then you would just lose 90 days interest . The extra you’re making at 2.2% instead of investing it in the best instant access account (RCI Bank 1.3 %) would more than cover your 90 day penalty . I’ve got no time for banks but I do think this particular account is a bit of a special because of the ability to withdraw .
  14. Nothing we don't already know but slightly surprised to see it in City AM . http://www.cityam.com/273050/uk-must-get-off-help-buy-binge
  15. And in the Daily Zoopla/ Mail no less. .http://www.thisismoney.co.uk/money/buytolet/article-4895072/Buy-let-Britain-tumbles-European-ranks.html
  16. http://uk.reuters.com/article/uk-britain-houseprices-rics/london-house-prices-record-biggest-fall-since-2008-rics-idUKKCN1BO2X0?rpc=401&
  17. Raising CGT on property would be nice . It hasn't been touched for ages and a lot of accountants feel it's due . It was interesting that CGT was lowered in the last budget although property was noticeably excluded from this. This would be very popular with the general public and thus a vote winner but I suppose it depends on what the governments true objectives are regarding housing . Assuming the government really does want BTL investors to exit the market some would argue that this would infact discourage people from doing so but this could be avoided by bringing the policy in at a future date thus allowing ( and encouraging ) those who wish to exit to do so. CGT on property has been higher in the past so it's no sacred cow ...... 40 % would be nice. Another reason why it might not happen could be that the government is aware that once section 24 kicks in ( remember not one person has actually had to put hand in pocket yet as it doesn't start till April ) that there is going to be a change in the market and it wants to see how this plays out first.
  18. First two big newspapers to pick up on it . Both mention Carneys claim that the Boe saved 250,000 jobs by their actions . I can only hope this outrageous bollock statement will bring about some kind of backlash by the media / Joe public . Am I the only person that watches this type of crap and fantasises about standing up in the audience and hitting Carney with a killer question that reveals the emperors got no clothes on. http://www.telegraph.co.uk/business/2017/01/16/interest-rates-could-go-either-direction-keep-economy-even-keel/ http://www.independent.co.uk/news/business/news/bank-saved-250000-jobs-by-cutting-rates-after-brexit-vote-says-carney-a7530496.html
  19. Nice article , surprised to see this given so much space in the Sandard . Being Wednesday normal service was soon resumed with Homes & property ramping it up .
  20. Looking forward to this one tomorrow . Rees Mogg will obviously go for the jugular but I've got high hopes that my latest poster boy Steve Baker will do the necessary .
  21. Obviously I don't like or necessarily agree with the writers viewpoint but an interesting read nevertheless. http://www.globalcapital.com/article/b113z2tpdnxlpn/the-beginning-of-the-end-for-basel
  22. In total agreement that the plan has worked perfectly inasmuch as they have ( and still are ) screwing us but I ( and you can call me naive) think the public are beginning to wake up to what f@ck has been going on . Where I feel the boe don't have a clue is in knowing what to do now that Joe public is getting wise and asking questions and they (boe) have no exit strategy without everything going tits up .
  23. Is this is nearest we've seen to the Boe admitting they haven't got a Scooby. I particularly like the last link ( video ) with Andy on the ropes looking awkward as he tries to smooth talk his way through it. http://www.bbc.co.uk/news/uk-politics-38525924 https://www.theguardian.com/business/2017/jan/05/chief-economist-of-bank-of-england-admits-errors https://uk.finance.yahoo.com/video/andy-haldane-banks-michael-fish-023024922.html
  24. Truly heartbreaking stuff http://www.telegraph.co.uk/investing/buy-to-let/buy-to-let-investor-28-government-ruining-lifes-work/
  25. http://www.telegraph.co.uk/news/2016/10/17/central-bankers-have-collectively-lost-the-plot-they-must-raise/. Okay this might be old news to us but nevertheless it's nice to see this in a mainstream newspaper and by a ( putting your own party politics aside ) pretty levelheaded, straight talking ,well known politician . Really like the way he clearly lists the 10 serious drawbacks of current policies in simple easy to understand terms.
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