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Bruce Banner

"ethical" Savings Accounts - Where Your Money Doesn't Directly Fuel H P I

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If it's these it reads like sub-prime:

GE Money Home Lending is one of the largest specialist lenders in the UK
Through a trusted network of intermediaries, we offer a range of first time buyer, self-employed, purchase and remortgage products to new customers, who would otherwise find it difficult to arrange a mortgage through a high street lender.

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If it's these it reads like sub-prime:

If that's the case I'll give them a miss then. Both seem to be subsidiaries of General Electric.

G E Capital has full £85K FSCS protection and say they lend to businesses.

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There must be somewhere we can put our money, other than under the mattress, where it will not be used to fund residential mortgages.

Yes anything beyond a deposit guaranteed bank account, but that's not nominally risk free. Which is the entire point of investing, although I can only concede to the real world corrupting and asymmetric effects of mortgage leverage policy on saving options.

Secure Trust Bank didn't offer mortgages but I believe they got into financing residential developments. You'd have to check that though, I closed my account when they reneged on their rates.

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There must be somewhere we can put our money, other than under the mattress, where it will not be used to fund residential mortgages.

Tradiotional places:

Stock market.

Corporate bonds.

Funds.

Newer innovations:

Peer-to-peer finance.

Crowdfunding.

Or for more excitement:

Angel Investing.

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There must be somewhere we can put our money, other than under the mattress, where it will not be used to fund residential mortgages.

Where do credit unions keep their funds?

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