houseface2000 Posted August 24, 2017 Share Posted August 24, 2017 I had a dream that bank rate dropped to zero. I really feel this will be coming our way soon. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted August 24, 2017 Share Posted August 24, 2017 2 minutes ago, houseface2000 said: I had a dream that bank rate dropped went up to to zero 10%. I really feel this will be coming our way soon. Â Quote Link to comment Share on other sites More sharing options...
longgone Posted August 24, 2017 Share Posted August 24, 2017 4 hours ago, TheCountOfNowhere said: If the chief of Shawbrook bank is to be believed Term Funding is out the door and they will all be fending for themselves. If that comes to pass then it's really game on. savings rates going up then ? Quote Link to comment Share on other sites More sharing options...
Maynardgravy Posted August 24, 2017 Share Posted August 24, 2017 What's Gideon up to? Was all the HTB etc just about recapitalising his banker mates or is he a bit butt-hurt and vindictive towards May too? Either way  Quote Link to comment Share on other sites More sharing options...
houseface2000 Posted August 24, 2017 Share Posted August 24, 2017 1 hour ago, TheCountOfNowhere said: Â Maybe your right, maybe we will follow the US all the way to 0.5% Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted August 24, 2017 Share Posted August 24, 2017 1 minute ago, houseface2000 said: Maybe your right, maybe we will follow the US all the way to 0.5% Maybe we'll go to 5% and f**k ever idiot willing to hand over their cash to bail out a banker. Then we can all get back to normal  Quote Link to comment Share on other sites More sharing options...
999house Posted August 24, 2017 Share Posted August 24, 2017 3 hours ago, spyguy said: You might want to read my comments on Readung in the regional forum. I have some problems convincung the boosters on my theory, which looks like its coming true day by day. Reading prices are bonkers. I noticed the rental market has taken a hit so the cost of town centre flats will come down shortly after. Â Quote Link to comment Share on other sites More sharing options...
houseface2000 Posted August 24, 2017 Share Posted August 24, 2017 4 minutes ago, 999house said: Reading prices are bonkers. I noticed the rental market has taken a hit so the cost of town centre flats will come down shortly after. Â Mate, dont you read money week. Apparently now is the bestest time to buy EVER Quote Link to comment Share on other sites More sharing options...
longgone Posted August 24, 2017 Share Posted August 24, 2017 25 minutes ago, houseface2000 said: Mate, dont you read money week. Apparently now is the bestest time to buy EVER nah 1997 was the best time Quote Link to comment Share on other sites More sharing options...
rantnrave Posted August 24, 2017 Share Posted August 24, 2017 (edited) 2 hours ago, longgone said: savings rates going up then ? In short, yes. Already happening A year ago, easy access savings accounts (ie, with no silly direct debit faffing around, one year bonuses and four-figure deposit limits etc) fell pretty much to 1.00%. Ulster Bank currently offering 1.25%. Yes, that's dire in the light of inflation etc, but rates have clawed back the BoE's 0.25% cut by themselves. The pace of gain seems to be accelerating too. (information gleaned from the excellent Savings Champion) People are saving less as well - theoretically boosting competition for the shrinking pool of savings out there: http://www.bbc.co.uk/news/business-41038932 Edited August 24, 2017 by rantnrave Quote Link to comment Share on other sites More sharing options...
longgone Posted August 24, 2017 Share Posted August 24, 2017 1 minute ago, rantnrave said: In short, yes. Already happening A year ago, easy access savings accounts (ie, with no silly direct debit faffing around, one year bonuses and four-figure deposit limits etc) fell pretty much to 1.00%. Ulster Bank currently offering 1.25%. Yes, that's dire in the light of inflation etc, but rates have clawed back the BoE's 0.25% cut by themselves. The pace of gain seems to be accelerating too. (information gleaned from the excellent Savings Champion) still dire i was getting 11k a year back in 2007 ! now luck if i can get 2k Quote Link to comment Share on other sites More sharing options...
Guest Posted August 24, 2017 Share Posted August 24, 2017 2 hours ago, houseface2000 said: I had a dream that bank rate dropped to zero. I really feel this will be coming our way soon. How does the base rate track against average mortgage rates. I imagine there is some correlation, but I guess banks charge whatever they want to cover percieved risk. Quote Link to comment Share on other sites More sharing options...
winkie Posted August 24, 2017 Share Posted August 24, 2017 Unless you have a stash load of reddies and a really good job with potential why would you move to commuter belt and all the expensive and timely travelling that curtails......surely you would move somewhere else..... rational or irrational thinking? Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted August 24, 2017 Share Posted August 24, 2017 3 hours ago, longgone said: savings rates going up then ? Shawbrooks certainly have over the last 6 months. Quote Link to comment Share on other sites More sharing options...
houseface2000 Posted August 24, 2017 Share Posted August 24, 2017 46 minutes ago, Grab_Some_Popcorn said: How does the base rate track against average mortgage rates. I imagine there is some correlation, but I guess banks charge whatever they want to cover percieved risk. Depends on ltv 60% ltv are as low as 1% on 2 years fixes 1.59% on 5 years Quote Link to comment Share on other sites More sharing options...
houseface2000 Posted August 24, 2017 Share Posted August 24, 2017 1 hour ago, longgone said: nah 1997 was the best time Funny now even even 2007 looks like it was a great time to buy :-S Quote Link to comment Share on other sites More sharing options...
Lambie Posted August 24, 2017 Share Posted August 24, 2017 23 minutes ago, TheCountOfNowhere said: Shawbrooks certainly have over the last 6 months. Not heard of them before, so had a quick look. First ad on their page was an over-55's IO mortgage offer. Not good for the blood pressure, clicked back pretty sharpish. Quote Link to comment Share on other sites More sharing options...
rantnrave Posted August 24, 2017 Share Posted August 24, 2017 27 minutes ago, TheCountOfNowhere said: Shawbrooks certainly have over the last 6 months. New entry in the top five Easy Access Account interest rates... Quote Link to comment Share on other sites More sharing options...
longgone Posted August 24, 2017 Share Posted August 24, 2017 20 minutes ago, houseface2000 said: Funny now even even 2007 looks like it was a great time to buy :-S yeah 2007 looks very cheap now , even though wages have not moved Quote Link to comment Share on other sites More sharing options...
2rocketman Posted August 24, 2017 Share Posted August 24, 2017 I've noticed the interest rates on savings accounts are creeping up, hopefully it's a sign that a interest rate rise is round the corner. That could be the trigger we are all waiting for.... Quote Link to comment Share on other sites More sharing options...
Guest Posted August 24, 2017 Share Posted August 24, 2017 23 hours ago, ARENAPUA said: I truly do believe sentiment is changing, albeit slowly...and that change is coming... A slow and steady decline will be difficult to reverse once it takes hold and is exacerbated by interest rate rises, however small..we just need that momentum... https://www.standard.co.uk/news/london/property-prices-in-commuter-towns-slashed-as-rail-season-tickets-continue-to-rise-a3618086.html    It's the only reason I eventually joined HPC after years of having the odd peek knowing that nothing was going to happen just yet. I just hope I am not years too early as well. Quote Link to comment Share on other sites More sharing options...
Guest Posted August 24, 2017 Share Posted August 24, 2017 8 hours ago, TheCountOfNowhere said: Â 10%? Â Really, you are joking right? What do you base that on out of interest Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted August 24, 2017 Share Posted August 24, 2017 2 minutes ago, wotsthat said: 10%? Â Really, you are joking right? What do you base that on out of interest Hyper inflation. Â Usually happens after money printing. Â Â Quote Link to comment Share on other sites More sharing options...
Guest Posted August 24, 2017 Share Posted August 24, 2017 (edited) 6 minutes ago, TheCountOfNowhere said: Hyper inflation.  Usually happens after money printing.   Legs, arms and anything else I can cross hoping you are right, but cannot see it anytime soon  would have expected hyper inflation 2009 ish  Edited August 24, 2017 by Guest Quote Link to comment Share on other sites More sharing options...
houseface2000 Posted August 24, 2017 Share Posted August 24, 2017 30 minutes ago, TheCountOfNowhere said: Hyper inflation.  Usually happens after money printing.   Hyperinflation = great time to buy pwoperdee. Good hedge against inflation Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.