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kilroy

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Everything posted by kilroy

  1. Contract hire and hire purchase at BMW are fairly equivalent and work out at roughly 0% on list price using standard depreciation tables (they discount 10-15% off list price when you take finance but will probably give you that off anyway if you pay cash).
  2. Can't get it to work and PB website not working. Haven't been on it for a few months so has anything changed?
  3. He's hoping they will spend the excess from a london house sale in the local economy.....
  4. I would happily take a loan with interest at 1.75%, where the 1.75% rises by inflation+1%, especially considering where rates are likely to be then....
  5. Surely, the banner should say "*You'll* never get to work on time" as these people clearly have nothing better to do during the working day.......
  6. indeed, and the average person receiving income receives that as salary, plus I don't know of many banks that will lend based on other income (such as dividend etc)
  7. Maybe they'll claim it back through the tax code, like student loans. Not pursuing, just doing the "right and fair thing"...
  8. MBIA/Fannie/Freddie priced commercially as well............ Will be interesting to see how it is accounted for in gov books.
  9. Did anyone actually read the speech? I saw no reference to removing the safety net. I dislike Cameron but blanket ban on benefits for u25s is not what I saw. Of course, it is all dependent on ability to provide vocational training/yts scheme for all u25 but I don't think anyone in their right mind would disagree with the sentiment
  10. Suggests that Osborne may be correct in fighting Europe regarding the bonus cap. Money not to paid to bankers (and taxed in UK) will just be paid to foreign shareholders as dividends instead.....
  11. also, "you can only roll over your existing business loan if you take out the insurance"......
  12. No, it is the way they were sold. They were sold as insurance for which the company paid a monthly premium. However, as the bank started gaining on them, they wanted margin from the clients, but lumped it onto the monthly "premium". WHen businesses said, i don't want the "insurance" any more thanks, the bank said "OK, that will be x 100s of thousands to terminate....". Don't even get me started on the bank's option to tear upt he contract on the "insurance" after 3 years......
  13. most yields I see are sub 5% gross. Take out costs, voids and mortgage interest. Better off buying a Housa from castle trust.......
  14. Is it even possible to make a profit in BTL with HPI at 5%?
  15. Their profits "The private company, which has attracted sharp criticism from politicians, charities and the Archbishop of Canterbury, increased the sum it lent out by 68 per cent year on year to £1.2bn. Net profit rose by 36 per cent to £62.5m. " I make that a return of roughly 5% which implies they start losing money if apr drops from 2500% to a mere 2495%.....
  16. What happens if someone has a 2mln pound house but a 3mln pound mortgage?
  17. Quite. A £150 accountant fee to fill it in generally pays for itself.....
  18. Prob backed by gov to push the shale gas agenda. Have to hit the nimbys where it hurts. Unfortunately there is no way of targeting them specifically
  19. Not really, plenty of people I know get their kids privately educated to age 11 so they can cane the grammar school entry exams.
  20. He should examine how forcing equality on the banks via quotas in America worked out for their mortgage books.......
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