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The Masked Tulip

Norwich & Peterborough Reposessions

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Maybe, just maybe, this is the beginning of a resurgence in the mutual system.

N&P are doing well. Newcastle BS showed some good results this week, and Nationwide can afford to get stingy with their LTVs.

I can see that the time has come for those Building Societies that haven't been dashing for share in some Thatcherite's wet dream of a market, selling their members out with stock market floats etc.

Borrowers might feel safer in a mutual environment. And savers too; knowing that their savings are being lent responsibly.

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Just opened a current account with Norwich & Peterborough. 4.5% on balance, plus I can save £250 pm at 8%. Nice :P

I dis the same for 12 months with Lloyds. The problem with only being allowed to put in £250 pm is that the interest is being sort of 'drip fed'.

After 12 months, having deposited £3000, the total gross interest was £139 ish. <_<

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  • 297 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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