New Posts For Thread: Mortgage rateshttps://community.betfair.com/politics/go/thread/view/94150/29346809/mortgage-ratesDoes anyone follow what's going on at the moment? Bank of England rate at an all-time low (and may possibly go lower, although that's unlikely); Mortgage rates on the way up!To declare my interest, I'm a "mortgage prisoner" at Santander: I can't swiNo problemo Ronaldo - my skin is at least two inches thick, even at its thinnest point.I don't wish to reveal too much of my personal business. I live solely on my gambling winnings, which I declare in full to HMRC; however, mortgage companies don'thttps://community.betfair.com/politics/go/thread/view/94150/29346809/mortgage-rates?post_id=523580543#523580543No problemo Ronaldo - my skin is at least two inches thick, even at its thinnest point.I don't wish to reveal too much of my personal business. I live solely on my gambling winnings, which I declare in full to HMRC; however, mortgage companies don'tWed, 29 Aug 2012 17:16:47 -0500Dr Evil, excuse my tone, nothing is meant by it. I thought someone called "Dr Evil" would be able to handle it.I have absolute no interest in screwing up my keyboard so i can type pound symbols.I have one question, if you aint down on this yankee.https://community.betfair.com/politics/go/thread/view/94150/29346809/mortgage-rates?post_id=523575929#523575929Dr Evil, excuse my tone, nothing is meant by it. I thought someone called "Dr Evil" would be able to handle it.I have absolute no interest in screwing up my keyboard so i can type pound symbols.I have one question, if you aint down on this yankee.Wed, 29 Aug 2012 15:36:24 -0500Yes. The state, scared of "having to" bail out banks again, has agreed new rules regarding how much money the banks must deposit with it rather than lending to the economy. As a result, the balance-sheet rebuild is sapping money from loans. So, thhttps://community.betfair.com/politics/go/thread/view/94150/29346809/mortgage-rates?post_id=523573055#523573055Yes. The state, scared of "having to" bail out banks again, has agreed new rules regarding how much money the banks must deposit with it rather than lending to the economy. As a result, the balance-sheet rebuild is sapping money from loans. So, thWed, 29 Aug 2012 14:22:58 -0500Slightly inflammatory stuff there Ron: "liar loan", I'm scrupulously honest in all matters; a "bail out", or being "subsidised", isn't required.I'm going from a nice BoE+2.25% tracker to the take-it-or-leave-it 4.75% fix. If you want to work back frhttps://community.betfair.com/politics/go/thread/view/94150/29346809/mortgage-rates?post_id=523570765#523570765Slightly inflammatory stuff there Ron: "liar loan", I'm scrupulously honest in all matters; a "bail out", or being "subsidised", isn't required.I'm going from a nice BoE+2.25% tracker to the take-it-or-leave-it 4.75% fix. If you want to work back frWed, 29 Aug 2012 13:22:32 -0500is this guy telling us that his mortgage is going up $600 a month (sorry pal, me yankee i dont have pound sign on keyboard), this is from an increase is SVR of 0.25%, and the loan is 30% of the value.the house must be worth $6,000,000 on my calcs.andhttps://community.betfair.com/politics/go/thread/view/94150/29346809/mortgage-rates?post_id=523567589#523567589is this guy telling us that his mortgage is going up $600 a month (sorry pal, me yankee i dont have pound sign on keyboard), this is from an increase is SVR of 0.25%, and the loan is 30% of the value.the house must be worth $6,000,000 on my calcs.andWed, 29 Aug 2012 11:59:06 -0500Mr Reagan,I didn't rate you all that much as a president, but you do make a good case here. Of course 4.75% is pretty good - I'm old enough to remember people fixing at 15%, I'd just gone a bit fuzzy like yourself in later years - it just shows howhttps://community.betfair.com/politics/go/thread/view/94150/29346809/mortgage-rates?post_id=523533991#523533991Mr Reagan,I didn't rate you all that much as a president, but you do make a good case here. Of course 4.75% is pretty good - I'm old enough to remember people fixing at 15%, I'd just gone a bit fuzzy like yourself in later years - it just shows howTue, 28 Aug 2012 13:26:10 -0500if government didnt print the money, or lend it artificially at 0.5%, banks would have to get funds from savers and companies again, and to encourage large deposits they would need to offer savings rates of above 4.75%, never mind lending rates.https://community.betfair.com/politics/go/thread/view/94150/29346809/mortgage-rates?post_id=523527293#523527293if government didnt print the money, or lend it artificially at 0.5%, banks would have to get funds from savers and companies again, and to encourage large deposits they would need to offer savings rates of above 4.75%, never mind lending rates.Tue, 28 Aug 2012 10:08:27 -05004.75% is still a ridiculously low rate, subsidised by printy printy and cheap government money.interest rates set by the market normally offer deposit rates 2% above inflation, to encourage savings.lending rates would need to be 2-3% above this levelhttps://community.betfair.com/politics/go/thread/view/94150/29346809/mortgage-rates?post_id=523527147#5235271474.75% is still a ridiculously low rate, subsidised by printy printy and cheap government money.interest rates set by the market normally offer deposit rates 2% above inflation, to encourage savings.lending rates would need to be 2-3% above this levelTue, 28 Aug 2012 10:03:49 -0500Yes - they can screw us as they please. They just have to judge the level correctly: too high and we'll all default!https://community.betfair.com/politics/go/thread/view/94150/29346809/mortgage-rates?post_id=523522357#523522357Yes - they can screw us as they please. They just have to judge the level correctly: too high and we'll all default!Tue, 28 Aug 2012 07:05:35 -0500It seems theres plenty like you who cant move elsewhere because lending criteria has changed, effectively their existing lenders can charge what they want.https://community.betfair.com/politics/go/thread/view/94150/29346809/mortgage-rates?post_id=523522297#523522297It seems theres plenty like you who cant move elsewhere because lending criteria has changed, effectively their existing lenders can charge what they want.Tue, 28 Aug 2012 07:02:38 -0500