Friday, March 20, 2009

What about SAVERS????

It’s not all bad news for mortgages

The silent majority are being screwed by this government! Savers outnumber debtor 7 to 1. We should march on the streets. Pensioners can not afford to live and this is all the article can say!

Posted by waitingfor hpc @ 10:18 AM (1060 views)
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3 thoughts on “What about SAVERS????

  • Browneconomy says:

    Agree entirely. Many people & not just pensioners rely on income from savings to pay their bills and artificially low base rates are scr3wing the silent majority..
    A band D Council Tax bill of £1500 pa would require the interest from savings of £300,000! (1500 / .005)
    Even the TV licence £140 needs savings of £28000 to be paid from savings income. And these 2 examples are just to pay taxes.

    Its not savers (as opposed to speculators) who have any responsibility for this mess. Why should we loose out.

    Is their ANY campaign for the rights of the majority?

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  • “It’s not all bad news for mortgages”
    So currently the minimum basis for a lifetime tracker with no early redemption is +2.39% (First direct) – this is good news for potential mortgagees?
    This is a huge spread for the most competitive deal out there. I’d be looking for more like +0.2% thanks.
    Oh ,and just before the bubble burst the best were around -0.1% (yes that is a minus sign)
    Hey ho.

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  • Slight correction the -0.1% was a two year fix… if memory serves lifetime was around +0.1 with a floor at 3%.

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