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Interest Rates, by manchestermike on Nov 6, 2008 13:14:47 GMT 1, Cut to 3%
CHOP!
Cut to 3%
CHOP!
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hlarmy
Junior Member
Posts โข 3,199
Likes โข 64
November 2007
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Interest Rates, by hlarmy on Nov 6, 2008 13:17:50 GMT 1,
What???
What???
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Interest Rates, by Guest on Nov 6, 2008 13:18:05 GMT 1, didnt see that coming, thought maybe 0.5%
didnt see that coming, thought maybe 0.5%
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Interest Rates, by richy00 on Nov 6, 2008 13:19:56 GMT 1, chop chop chop chop,
more moneys for me
chop chop chop chop,
more moneys for me
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hlarmy
Junior Member
Posts โข 3,199
Likes โข 64
November 2007
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Interest Rates, by hlarmy on Nov 6, 2008 13:20:20 GMT 1, Doesn't that mean that any money in a savings account will soon be losing value This is a good excuse to buy more art
Doesn't that mean that any money in a savings account will soon be losing value This is a good excuse to buy more art
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Interest Rates, by Guest on Nov 6, 2008 13:22:25 GMT 1, Doesn't that mean that any money in a savings account will soon be losing value This is a good excuse to buy more art
I like your thinking! ;D
Doesn't that mean that any money in a savings account will soon be losing value This is a good excuse to buy more art I like your thinking! ;D
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dmandpenfold
Junior Member
Posts โข 2,466
Likes โข 10
December 2006
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Interest Rates, by dmandpenfold on Nov 6, 2008 13:26:35 GMT 1, 3%.... what wasit before?
3%.... what wasit before?
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dmandpenfold
Junior Member
Posts โข 2,466
Likes โข 10
December 2006
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Interest Rates, by dmandpenfold on Nov 6, 2008 13:29:27 GMT 1, bugger i havent even got a mortgage to feel all smug about
bugger i havent even got a mortgage to feel all smug about
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Interest Rates, by Tower Art Gallery on Nov 6, 2008 13:30:08 GMT 1,
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stickee
Artist
Junior Member
Posts โข 1,128
Likes โข 1
June 2008
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Interest Rates, by stickee on Nov 6, 2008 13:30:24 GMT 1, Banksy & Urban Art Chat?
Banksy & Urban Art Chat?
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Interest Rates, by Guest on Nov 6, 2008 13:33:21 GMT 1,
money chat, nearly the same.
money chat, nearly the same.
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Interest Rates, by cashman on Nov 6, 2008 13:34:33 GMT 1,
this is well worth watching !
this is well worth watching !
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Harveyn
Forum Guardian
Full Member
Posts โข 7,687
Likes โข 4,839
July 2007
Staff Member
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Interest Rates, by Harveyn on Nov 6, 2008 13:34:34 GMT 1, How much if any will be passed on? I imagine very little. This will be used to help kick start inter-company trading between banks.
How much if any will be passed on? I imagine very little. This will be used to help kick start inter-company trading between banks.
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Interest Rates, by Tower Art Gallery on Nov 6, 2008 13:36:05 GMT 1, this is well worth watching !
I can't stop myself recommending it to people
this is well worth watching ! I can't stop myself recommending it to people
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Dellboyy
Artist
Junior Member
Posts โข 2,729
Likes โข 270
October 2006
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Interest Rates, by Dellboyy on Nov 6, 2008 13:37:42 GMT 1, Yay! ;D Thank f**k i went for a tracker instead of a discount!
Yay! ;D Thank f**k i went for a tracker instead of a discount!
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rillo
New Member
Posts โข 657
Likes โข 59
April 2006
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Interest Rates, by rillo on Nov 6, 2008 13:44:24 GMT 1,
our mortgages down by a 1/3 - what else are we going to spend it on!
our mortgages down by a 1/3 - what else are we going to spend it on!
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G-Man
Junior Member
Posts โข 3,529
Likes โข 33
November 2007
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Interest Rates, by G-Man on Nov 6, 2008 14:03:06 GMT 1, How much if any will be passed on? I imagine very little. This will be used to help kick start inter-company trading between banks.
Spot on Harv. This is exactly what this rate cut is meant to stimulate.
I reckon 0.5% passed on max to us little people
How much if any will be passed on? I imagine very little. This will be used to help kick start inter-company trading between banks. Spot on Harv. This is exactly what this rate cut is meant to stimulate. I reckon 0.5% passed on max to us little people
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uksnowman
New Member
Posts โข 326
Likes โข 0
August 2007
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Interest Rates, by uksnowman on Nov 6, 2008 14:07:15 GMT 1, How much if any will be passed on? I imagine very little. This will be used to help kick start inter-company trading between banks.
At least they didn't mess about with several piddly cuts. I agree though, probably little will be passed on. The inter-bank lending rate has already factored in cuts
How much if any will be passed on? I imagine very little. This will be used to help kick start inter-company trading between banks. At least they didn't mess about with several piddly cuts. I agree though, probably little will be passed on. The inter-bank lending rate has already factored in cuts
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elwheel
Junior Member
Posts โข 1,912
Likes โข 232
September 2008
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Interest Rates, by elwheel on Nov 6, 2008 14:14:55 GMT 1, The problem recently in passing the full discount down was that the libor rate (inter-bank lending rate) didnt decelerate at the same rate as interest rate cuts so it would cost banks money (awww bless em) to pass on the discount. Most banks got rid of all trackers products (no longer available for buy-to-lets) and those sly hooooors in the Abbey actually increased their tracker rate a few days ago in anticipation of a further interest rate cut today. Really surprised at the size of the cut today - great news for me as I'm hoping to complete on a (bargain) house move by 31st Dec and haven't yet committed to a mortgage provider.
The problem recently in passing the full discount down was that the libor rate (inter-bank lending rate) didnt decelerate at the same rate as interest rate cuts so it would cost banks money (awww bless em) to pass on the discount. Most banks got rid of all trackers products (no longer available for buy-to-lets) and those sly hooooors in the Abbey actually increased their tracker rate a few days ago in anticipation of a further interest rate cut today. Really surprised at the size of the cut today - great news for me as I'm hoping to complete on a (bargain) house move by 31st Dec and haven't yet committed to a mortgage provider.
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Interest Rates, by jonpud on Nov 6, 2008 14:25:53 GMT 1, 4.5 before. i've got significant savings, so this is a real pisser
Serves you right for being such a tight arse!
BUY MORE ART!!!! ;D
4.5 before. i've got significant savings, so this is a real pisser Serves you right for being such a tight arse! BUY MORE ART!!!! ;D
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Dellboyy
Artist
Junior Member
Posts โข 2,729
Likes โข 270
October 2006
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Interest Rates, by Dellboyy on Nov 6, 2008 14:29:10 GMT 1, 4.5 before. i've got significant savings, so this is a real pisser Serves you right for being such a tight arse! BUY MORE ART!!!! ;D
Absolutely agree... starting with my colour trolleys! ;D
4.5 before. i've got significant savings, so this is a real pisser Serves you right for being such a tight arse! BUY MORE ART!!!! ;D Absolutely agree... starting with my colour trolleys! ;D
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Heavyconsumer
Junior Member
Posts โข 4,974
Likes โข 5
February 2008
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Interest Rates, by Heavyconsumer on Nov 6, 2008 14:29:31 GMT 1,
QUALITY!
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Interest Rates, by Guest on Nov 6, 2008 14:34:01 GMT 1, the more credit available= more debt
the more credit available= more debt
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horizonmike
New Member
Posts โข 80
Likes โข 0
October 2008
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Interest Rates, by horizonmike on Nov 6, 2008 14:33:59 GMT 1, Llyods just announced they will pass on the entire cut of 1.5% so i think that makes their variable rate 5%. Nice.
Llyods just announced they will pass on the entire cut of 1.5% so i think that makes their variable rate 5%. Nice.
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danvnuk
Junior Member
Posts โข 1,015
Likes โข 2
January 2006
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Interest Rates, by danvnuk on Nov 6, 2008 14:35:58 GMT 1, oh yes, some good news. And who just renewed their tracker mortgage a month ago? ;D
oh yes, some good news. And who just renewed their tracker mortgage a month ago? ;D
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afroken
Junior Member
Posts โข 1,018
Likes โข 29
February 2009
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Interest Rates, by afroken on Nov 6, 2008 14:39:49 GMT 1, After years of getting it wrong it seems that the lifetime tracker I took out at 0.1% above base July last year was one of the better decisions I've ever made.
After years of getting it wrong it seems that the lifetime tracker I took out at 0.1% above base July last year was one of the better decisions I've ever made.
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dazlad
New Member
Posts โข 169
Likes โข 13
October 2007
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Interest Rates, by dazlad on Nov 6, 2008 14:43:00 GMT 1, i`ve got 2% discount tracker bank of England . HAPPY DAYS
i`ve got 2% discount tracker bank of England . HAPPY DAYS
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Interest Rates, by onemandown72 on Nov 6, 2008 14:44:51 GMT 1, 4.5 before. i've got significant savings, so this is a real pisser Serves you right for being such a tight arse! BUY MORE ART!!!! ;D
I got my pension statement through this week, had had dropped by 1/3 over the last year. Thought, F8ck it if I'm going to get screwed like this I'd rather buy art with my pension contributions, then come retirement if it's all worth jack at least I can look at something pleasant that gives me great pleasure, whilst barely getting by on my virtually non-existant state funded pension.
4.5 before. i've got significant savings, so this is a real pisser Serves you right for being such a tight arse! BUY MORE ART!!!! ;D I got my pension statement through this week, had had dropped by 1/3 over the last year. Thought, F8ck it if I'm going to get screwed like this I'd rather buy art with my pension contributions, then come retirement if it's all worth jack at least I can look at something pleasant that gives me great pleasure, whilst barely getting by on my virtually non-existant state funded pension.
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Interest Rates, by jonpud on Nov 6, 2008 14:45:16 GMT 1, Serves you right for being such a tight arse! BUY MORE ART!!!! ;D LOL! Got no wallspace left - cause the missus keeps painting stuff, and i keep buying too. Need to buy my own house, then i can just build random internal walls to house art. Instead i keep buying cars!
Well you probably won't find a better time than now to buy your own house!
Serves you right for being such a tight arse! BUY MORE ART!!!! ;D LOL! Got no wallspace left - cause the missus keeps painting stuff, and i keep buying too. Need to buy my own house, then i can just build random internal walls to house art. Instead i keep buying cars! Well you probably won't find a better time than now to buy your own house!
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Yessir
New Member
Posts โข 205
Likes โข 0
November 2006
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Interest Rates, by Yessir on Nov 6, 2008 15:31:55 GMT 1, I think the rate cut is a step in the right direction but, the problem is banks will never get out of the habit of ripping us off
The banks have been handed OUR MONEY to keep them afloat, but how do we BENEFIT if Brown can't control the bonuses they will be paying (out of our money) or the rates they offer for mortgages.
I'm in the middle of remortgaging and I've been quoted **** rates, with the same excuses... LIBOR, current climate... etc ...etc....
If the banks are still having liquidity problems (after getting our money), where does it end for us taxpayers another ยฃ100 billion...ยฃ500 billion... a ยฃ1 trillion?
We have a crazy scenario, where my taxes are being used to save the banks, but if I don't pay my mortgage, those same banks will be coming after my house.
Instead of the goverment helping the banks they SHOULD be helping the "man-in-the-street", who is likely to suffer far more because of the flawed business models of these banks.
Early apologies to the two investment bankers who I know visit this forum (you know who you are)... but you've been a bunch of greedy bar-stewards over the years
I think the rate cut is a step in the right direction but, the problem is banks will never get out of the habit of ripping us off The banks have been handed OUR MONEY to keep them afloat, but how do we BENEFIT if Brown can't control the bonuses they will be paying (out of our money) or the rates they offer for mortgages. I'm in the middle of remortgaging and I've been quoted **** rates, with the same excuses... LIBOR, current climate... etc ...etc.... If the banks are still having liquidity problems (after getting our money), where does it end for us taxpayers another ยฃ100 billion...ยฃ500 billion... a ยฃ1 trillion? We have a crazy scenario, where my taxes are being used to save the banks, but if I don't pay my mortgage, those same banks will be coming after my house. Instead of the goverment helping the banks they SHOULD be helping the "man-in-the-street", who is likely to suffer far more because of the flawed business models of these banks. Early apologies to the two investment bankers who I know visit this forum (you know who you are)... but you've been a bunch of greedy bar-stewards over the years
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