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gmang

Good Advice From My Bank?

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I spoke to my bank recently, Lloyds, about upping the rate on my ISA because they have just increased the rate offered to new customers by a whole 0.3%, every little helps I guess! The nice lady I spoke to was very helpful and set my interest at the higher rate, then she started what I thought would be a sales pitch - you know how the "customer service" people at banks are basically there as much to upsell you products you don't want than to serve a customer. Well, she asked whether I was saving for anything specific and I told her that it would be for a deposit for a first house. To my surprise, instead of briefing me on their mortgages, she said "oh, I'm saving for a deposit too, I reckon we just need to wait another 12 months at least for the prices to drop before looking to buy". I was stunned! Not every day you get that kind of advice from your bank!

-G

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Usually everyone agreeing it is a bad time to buy marks the bottom of a market.

Everyone is not saying it is a bad time to buy. You need to get out into the real (non HPC) world, where people think that "the cuts" are all the fault of the Tories/the rioting Arabs (bomb them all one of the 'bears' on site said today) etc.

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Usually everyone agreeing it is a bad time to buy marks the bottom of a market.

I agree with you, but we are not there yet, may be another 2 years ahead.

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  • 309 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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