thefruits

The govt has reacted in a responsible and credible manner. Savers will be able to rest assured that their deposits are 100% safe. Seems like the kind of action that any normal person would expect of their government.

Upon re reading my original post, I stand by the points. NR will not be allowed to go bust. The Govt has rightly stepped up and given a 100% guarantee that no existing saver will lose their money. Hence your assertion that anyone should remove their NR savings is flawed, deceitful and bare faced nonsense. Must try harder

AGREE 100%. Some of the posters here really ought to get a life. They've had wet knickers all day hoping that NR would collapse, hoping that this would end BTL, hoping that houses would fall ... all tomorrow. NR won't collapse... it will be taken over and customers wont lose a shilling BTL won't end... the BTL mortgages that NR / B&B / AL have all given will be sold off. NR have an extremely good mortgage book with incredibly low arrears. The book will be sold off and life will go on House prices, may fall but not equally everywhere. The best houses, appropriately priced, with good schools, access to infrastructure and jobs will still be very popular. Those that are overpriced will not sell straight away, and may have to reduce prices. Not exactly rocket science. The US and UK are completely unrelated (property) markets. THe US has very high property stocks, unregulated planning rules and ther is not the latent demand that we have in the UK.

3 threads on the same subject by bpw.. god he must really be desperate that he and his deluded cronies will be left all alone on their poxy pointless protest. Some on bpw... pump pump away... protest all you want. Perhaps you'll get a life one day. Stop whinging, stop the jealousy. Get a job and get a life.

Your choice. Whereas I'm quite happy for the govt to dedicate taxpayers money in trying to avert a financial crisis if it can be avoided. Early intervention by the BOE in this case will hopefully lead to all savers being protected from losing their money. Sure NR may take a spanking, and it shareholders may be stuffed, but I think its entirely responsible for the govt to dedicate taxpayers money to ensuring the financial viability of the economy remains entact. If they hadn't acted, and a crisis ensued, then I'd be mightily peeved.

I see that bpw has started 2 threads now to plug his sad and idiotic protest. I guess he's hoping to double (to 2) those who turn out for it. The rest of the public will be getting on with their more worthwhile tasks, like earning a living and not sitting at home spouting bile and writing nonsense. Sad pointless thread. Hopefully the mods will lock this and the other one down. Should move both to a category more suited to acts of sad deluded individuals.

Companies come and go. Shareholders enjoy the reward and accept the risks. I have no candle to hold for NR just fail to understand why anyone can seriously believe that the BOE will let CUSTOMERS lose their money. Sure they'll let shareholders get stuffed, but I doubt whether even 1 customer will lose their savings due to this. Sorry all bears, time to get real.

Here Here. I hope the clowns that support such idiotic protests show up in force.. all 2 of them. Poxy idea of someone so filled with jealousy that he can't see through his rage filled specs. Pity them. Then laugh at them. Twits. Then tell them to get a job and get a life.

Agree entirely. I expect the BOE / Govt may even help as an intermediary to help grease the quick takeover of NR. Sure NR have been caught out but their mortgage book is one of the best around and if it weren't for the stupidity of US mortgage lenders (NR has NO US exposure) then NR would be fine. NR's shareholders will be screwed but I'd rather that than NR's customers getting screwed. As for those who seem to be having wet dreams about some sort of financial system collapse. I pity you.

Even if NR customers withdrew all 100% of their deposits, it does not necessarily mean that NR will go under. Hence there will be no need for compensation so I am wondering which part of this thread is at all relevant. More uninformed guff from the uber bears. Hope some sort of reality and truth returns soon, coz this site is becoming rather tedious in its lies, deceit and bare faced nonsense

Probably the most sensible bit of advice given this weekend. The bank is not going under. The money invested is 100% secure. Despite the hopes of the bears on here, NR will not go bust. TF

FWIW I was in a similar situation to you a year ago. Had around £100k in cash and looking at a property for around £550k or so. Again shared the worries about sitting on a great big slab of negative equity... although the mortgage payments weren't that scary. Also had she who must be obeyed urging to buy (for the family)... and I was happy renting (around Berkshire / Hampshire). So we compromised. Picked up a house for £375k. Downsized from 4 to 3 bedrooms (reckon that saved us £100k+) but ensured that in right location for fantastic state school, big garden etc. Decided to wait to see what unfurls before we plump for our ideal 'dream' house.. which is what we both ideally wanted but it can wait. To us, we've hedged against the HPC. And 9 months later, no regrets. Regularly look at rightmove to see if the 'dream house' turns up but it hasn't (we even looked at a place for £625k) and we're very happy. Hope you find an equally satisfactory result TF

Some more great Beeny quotes Prices will drop “I kind of hate to be the voice of doom, but I just can’t see how prices can’t go down. I think people have actually forgotten that property prices can decrease. There’s this feeling that they just won’t fall, but, of course, that’s not true. I used to think that as long as interest rates didn’t go back up to 10 or 12 per cent, which I remember them at, then it would stay fairly steady. But now, with house prices rising so fast, there are people who are really going to suffer if rates go up by one or even half a per cent” Source: Living.scotsman Recession is coming to the UK “America has a major recession in its property market and it’s just a question of when we’ll face this. The clincher will be as soon as interest rates go up. I’d be amazed if we don’t see a less exciting property market over the next 10 years” Source: Orange I love Sarah Beeny... she's from Reading (so am I), shes the same age as me... and she's absolutely gorgeous She's got it all really. ;-)

Well not wanting to burst your bubble you are ignoring some important facts: 1) Not everyone out there has big mortgages 2) Not everyone MEW's 3) 60% of fixed rate arrangements dont end this year 4) some of the 40% that are fixed will simply come to an end (paid off mortgage) 5) quite alot of the 40% who are coming up to renew their mortgages will be able to pay higher monthly payments 6) some might have to tighten their belts And some might come a cropper. No change to the status quo here. Can't see the calamatous fall being triggered by this. Vs the last crash many more people have fixed mortgages and hence the monthly fluctuations up and down can be weathered. Its not as if we've had a 400% increase in interest rates like the US is it (from 1% to 5%).

I think we'll see no rise. After all, the housing data is quite benign, oil prices are falling and we don't need a stronger £. Next move downwards next month by -0.25pt.

ok.. guess the truth hurts... but I'm game... what of the points listed above do you have an issue with ? performance of the economy ? Looks good to me ? unpresidented in being able to sustain it.. lets hope it continues better nhs.. than the thatcher years undoubtably... ever... possibly better railways... getting there action on 3rd world debt.. ... fantastic progress... helping others to help thereselves... action on aids / global warming... bloody tough call but making a good effort freeing iraq and afghanistan.... taking time but the taliban and saddam were utter tinpot despots... luckily both have been removed.

Complete ******. Your colleague probably reads the daily mail. Has she / he a purple rinse and are they a member of UKIP by any chance... fiver reckons i might be close !!

What a load of complete twaddle. Yes they have created a better nation. Look around and enjoy the benefits. Better health service, better schooling, better rail network... etc. oh and probably the best performing economy in the WORLD over the last decade.... oh and if you're still not convinced... pro-active action on a World stage to reduce third world debt (even write it off), action to fight aids, action to reduce global warming.... freeing iraq and afghanistan from tyrannical regimes that sought to repress their peoples under unbelievable brutality not bad for the first 10 years... bring on the next 10 years...

Grow up kids... whats a poxy march going to do.. and anyway... the cost of policing any march might increase my council tax bill so please don't do it.. why don't you do something more constructive with your lives like doing voluntary work to help the really needy.. the sick, those with disabilities, the elderly.... instead of spouting nonsense about marching for a poxy silly cause. Get real guys.

Sadly I believe you will be sorely disappointed.... quite a few of my friends are looking to re-enter the housing market mainly to take on more btl's. Its one of the reasons that I turned bull and went from a STR to a OO as I couldn't see too much evidence of supply overwhelming demand (to drive down prices) as new homes are pretty scarce around here (wokingham) and there were lots of willing btl-ers waiting for any reduction in prices to stop a wholesale fall. Don't get me wrong.. I dearly wanted a crash but unlike the US (where I accept that a crash like phenomenon is taking place).. the UK is different. New homes are not being built as quickly as required or in the areas where people want to live. In addition areas which look to be established and no further development in the vicinity looks likely seem to be rising very quickly around here. I guess there must be something like a stability premium given to these houses (schools are settled, facilities well funded, teachers and nurses readily available etc)...

Agree. But in fact its even better than that... by putting aside money today in a pension.. you give yourself the opportunity to choose to retire early if you wish... and also particpiating in a company pension scheme where the company contributes (my company puts in 10%)... is again something that you wouldn't get if you 'opted out'. I intend to retire at 55 or so.... on a pension which today would be worth £25k or thereabouts... so I doubt whether too much of my pension will be taxed at a higher rate... Luckily i'm budgeting on not getting any state pension at all.... think thats the best approach really

Yep... but you don't get the 40% tax relief which when compounded over 25 years makes one hell of alot of difference to your final pot..... this is something that most posters here seem to ignore.... unfortunately

I have opted into the company money purchase pension scheme... I pay 6% and the company pays 10%. i also pay in 9% AVC's every month... At 36 I'm counting on 3 things to fund my retirement.... 1) regular saving over a long period of time 2) the power of compounding over time 3) the 40% tax benefit (which I expect to be phased out at some time in the future) Despite those on here who slam pensions, from my perspective I cannot see another scheme that offers me 50% return instantly... (tax + company contribution). I'm banking on paying off my mortgage by the time I'm 55 and retiring at 58 or so... on current calculations as long as I continue to save.. and the more the better at an earlier stage from what I can gather... I should be ok. I see it as taking control over my future. Those higher rate taxpayers who singularly fail to take advantage of the 40% govt tax break.... I have no sympathy at all.

http://www.rightmove.co.uk/viewdetails-140...=4&tr_t=buy Sited on a very busy road.... in need of complete modernisation... TINY ROOMS... And yet... £425k..... The world has gone mad !

Doesn't look that insane.. has nice views and 2 good proportioned lounges... round my area you'd probably pay a similar price for that. The earlier photo looked as if someone had doctored it... looked like someone had cut the house in half and pasted the garage from another house... looks decidedly odd. TF