Wednesday, Nov 18, 2009

Help for those who are stuck

TIMES: Coventry offers 125 per cent loans to homemovers

"Mortgage brokers have welcomed moves by Coventry Building Society to offer 125 per cent loan-to-value mortgages to existing customers who need to move house. The UK's third largest mutual is to offer the controversial loans to customers in negative equity" with an "excellent credit history". (Nationwide allows existing customers to take out a home loan with a loan-to-value ratio of up to 95 per cent on a three-year fixed rate of 6.73 per cent or a five-year fix at 7.48 per cent. It then allows customers to borrow an additional 30 per cent at a rate of 7.23 per cent and 7.98 per cent).

Posted by alan @ 04:23 PM (1750 views)
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11 Comments

1. little professor said...

With a mortgage rate fifteen times higher than the BoE base rate, I don't imagine they will exactly have people beating down the door for these deals.

Wednesday, November 18, 2009 04:45PM Report Comment
 

2. Shindigger said...

Ive got a (currently) substantial sum with the Coventry. It wont be there for much longer.
The BSs have been bleating about competition from state run banks yet they think its ok to indulge in this type of crap.

Wednesday, November 18, 2009 04:51PM Report Comment
 

3. will said...

lp @ 1

and in three years time when rates are much higher?

Wednesday, November 18, 2009 05:53PM Report Comment
 

4. mander said...

Is it worth to allocate plublic funds to keep a body like FSA at work? Conservatives probably will say NO

Wednesday, November 18, 2009 06:03PM Report Comment
 

5. jack c said...

mander - The conservatives have proposed an alternative regulatory body - but dont be fooled, it will very likely be staffed by the same people and more than likely in the same Canary Wharf office. Meet the new boss, same as the old boss...........................

Wednesday, November 18, 2009 06:37PM Report Comment
 

6. Franky's House said...

Can't see this offer on the Coventry B S website...max LTV on the web site is 90%

Wednesday, November 18, 2009 07:06PM Report Comment
 

7. tick tock said...

@ - Meet the new boss, same as the old boss.

Ain't the new sound, just like the old sound?
Look at the noose now,
over the the burning ground'

Rage Against The Machine.

Wednesday, November 18, 2009 08:29PM Report Comment
 

8. paul said...

Just to be clear, the FSA is paid for by banks, not through tax AFAIK, like the Press Complaints Commission. Both toothless wonders.

Wednesday, November 18, 2009 10:02PM Report Comment
 

9. happy mondays said...

@ tick tock.. if you are going to do Rage against the machine, lets get all the lyrics..

This time the bullet cold rocked ya
A yellow ribbon instead of a swastika
Nothin' proper about ya propaganda
Fools follow rules when the set commands ya
Said it was blue
When the blood was red
That's how ya got a bullet blasted through ya head

Blasted through ya head
Blasted through ya head

I give a shout out to the living dead
Who stood and watched as the feds cold centralized
So serene on the screen
You was mesmerised
Cellular phones soundin' a death tone
Corporations cold
Turn ya to stone before ya realise
They load the clip in omnicolour
Said they pack the 9, they fire at their prime time
Sleeping gas, every home was like Alcatraz
And mutha fuckas lost their minds

Just victims of the in-house drive-by
They say jump, you say how high
Just victims of the in-house drive-by
They say jump, you say how high

Run it!

Just victims of the in-house drive-by
They say jump, you say how high
Just victims of the in-house drive-by
They say jump, you say how high

Checka, checka, check it out
They load the clip in omnicolour
Said they pack the 9, they fire it at prime time
Sleeping gas, every home was like Alcatraz
And mutha fuckas lost their minds

No escape from the mass mind rape
Play it again jack and then rewind the tape
And then play it again and again and again
Until ya mind is locked in
Believin' all the lies that they're tellin' ya
Buyin' all the products that they're sellin' ya
They say jump and ya say how high
Ya brain-dead
Ya gotta fuckin' bullet in ya head

Just victims of the in-house drive-by
They say jump, you say how high
Just victims of the in-house drive-by
They say jump, you say how high

Uggh! Yeah! Yea!

Ya standin' in line
Believin' the lies
Ya bowin' down to the flag
Ya gotta bullet in ya head

Ya standin' in line
Believin' the lies
Ya bowin' down to the flag
Ya gotta bullet in ya head

A bullet in ya head
A bullet in ya head
A bullet in ya head
A bullet in ya head
A bullet in ya head
A bullet in ya head
A bullet in ya head
A bullet in ya head
A bullet in ya head!
A bullet in ya head!
A bullet in ya head!
A bullet in ya head!
A bullet in ya head!
A bullet in ya head!
A bullet in ya head!
Ya gotta bullet in ya fuckin' head!

Yeah!

Yeah!

Wednesday, November 18, 2009 10:25PM Report Comment
 

10. tick tock said...

Oh go on then...

The World is my expense
The cost of my desire
Jesus blessed me with its future
& I protect it with fire

So raise you fist & march around
just don't take what you need,
I'll jail and bury those committed
& smother the rest with greed
Crawl with me in to tomorrow
I'll drag you to your grave
I'm deep inside your children
they'll betray you in my name

Hay, hay, sleep now in the fire
Hay, hay. sleep now in the fire

The world is my expense
The scope of my desire
The Party blessed me with its future
& I protect it with fire
I am The Nina, The Pinta, The Santa Maria,
The noose & the rapiist
The fields overseer,
The agent's of Orange
The priest of Hi-rosh-ima
The cost of my desire,
Sleep now in the fire

Hay, hay, well sleep now in the fire
Hay, hay, sleep now in the fire

For its the end of history,
Its caged and frozen still,
There is no other pill to take,
So swallow the one that makes you ill
I am The Nina, The Pinta, The Santa Maria,
The noose & the rapiist
The fields overseer,
The agent's of Orange
The priest of Hi-rosh-ima
The cost of my desire,
Sleep now in the fire

Hay, hay, sleep now in the fire
Hay, hay, sleep now in the fire

Sleep now in the fire
Sleep now in the fire
Sleep now in the fire
Sleep now in the fire

(or something like that)

Wednesday, November 18, 2009 11:21PM Report Comment
 

11. Jamieborg said...

Just to be clear...didnt our illustrious and ulluminating leader not declare an end to 100% mortgages not too long ago? Or was that just for FTBs? Maybe he only meant 100%, and anything over and above that is fine....

Thursday, November 19, 2009 08:30AM Report Comment
 

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