Woohoo - rates down to 4.5% lets get massive loans for new scoobs!
#1
Scooby Regular
Thread Starter
![Default](https://www.scoobynet.com/images/icons/icon1.gif)
Well why not?
If I can't pay my loan then the government will bail me out
If I can't pay my loan then the government will bail me out
![Big Grin](https://www.scoobynet.com/images/smilies/biggrin.gif)
#2
Scooby Regular
Join Date: Sep 2006
Location: Worthing..
Posts: 7,575
Likes: 0
Received 0 Likes
on
0 Posts
![Default](https://www.scoobynet.com/images/icons/icon1.gif)
Yeah, like that new rate is going to passe don to us ![Big Grin](https://www.scoobynet.com/images/smilies/biggrin.gif)
Base rate tracker mortages will get it, and obviously banks will be able to borrow at lower rates, but that will be it.
![Big Grin](https://www.scoobynet.com/images/smilies/biggrin.gif)
Base rate tracker mortages will get it, and obviously banks will be able to borrow at lower rates, but that will be it.
#3
![Default](https://www.scoobynet.com/images/icons/icon1.gif)
Thought the whole idea was get everyone lending ,borrowing,spending again so we can be the great nation that we once were
(well,for a few mad slap it on the credit card years or Gordon's.... 'never going to run out of booze at this one'.....party time as I called it)
Wahoo! We're off again
(well,for a few mad slap it on the credit card years or Gordon's.... 'never going to run out of booze at this one'.....party time as I called it)
Wahoo! We're off again
![Thumb](https://www.scoobynet.com/images/smilies/thumb.gif)
#6
![Default](https://www.scoobynet.com/images/icons/icon1.gif)
The stock markets don't seem too impressed!
London shares dive on UK government rescue - Times Online
http://newsvote.bbc.co.uk/1/shared/f...ew/default.stm
London shares dive on UK government rescue - Times Online
http://newsvote.bbc.co.uk/1/shared/f...ew/default.stm
#7
Scooby Regular
Join Date: Sep 2006
Location: Worthing..
Posts: 7,575
Likes: 0
Received 0 Likes
on
0 Posts
Trending Topics
#8
Scooby Regular
Thread Starter
![Default](https://www.scoobynet.com/images/icons/icon1.gif)
I was worried back in may because my rate of 4.75 was coming off and couldn't get anything under 6 without some stupid "I'm gonna get you sucka!" mortgage fee.
I then noticed that after 4.75 the mortgage would forever track the base rate at +0.99%. So my 5.99 is now going to be 5.49. It won't work because this is panic decisions against a market free fall and they'll do it again by christmas so it will indeed be new scoobs (or ***** according to the wife) all round in the new year
I then noticed that after 4.75 the mortgage would forever track the base rate at +0.99%. So my 5.99 is now going to be 5.49. It won't work because this is panic decisions against a market free fall and they'll do it again by christmas so it will indeed be new scoobs (or ***** according to the wife) all round in the new year
![Big Grin](https://www.scoobynet.com/images/smilies/biggrin.gif)
#9
Scooby Regular
iTrader: (22)
Join Date: May 2006
Location: Doncaster, S. Yorks.
Posts: 21,415
Received 0 Likes
on
0 Posts
![Default](https://www.scoobynet.com/images/icons/icon1.gif)
Think my mortgage is something like 5.79% which it has been since 2005 when i bought my house. 5 year fixed rate at the time seemed a good idea.
Can't afford to pay the bloody thing so makes no difference
Can't afford to pay the bloody thing so makes no difference
![Lol1](https://www.scoobynet.com/images/smilies/lol1.gif)
#14
![Default](https://www.scoobynet.com/images/icons/icon1.gif)
People still forget that it was once fairly normal borrowing at 15%.
5% is incredibly low.
Stock markets seem to be on a rollercoaster.Now down a big chunk again.
Oh,and I'm sure it was an absolutely and entirely independant decision by the B of E ....
5% is incredibly low.
Stock markets seem to be on a rollercoaster.Now down a big chunk again.
Oh,and I'm sure it was an absolutely and entirely independant decision by the B of E ....
#24
Scooby Regular
iTrader: (2)
Join Date: Apr 2004
Location: Somewhere in Kent, sniffing some V-Power
Posts: 15,029
Likes: 0
Received 0 Likes
on
0 Posts
![Default](https://www.scoobynet.com/images/icons/icon1.gif)
Our 2 year tracker rate ended in August this year. Around May, everyone was saying 'sort you new product now now now!'. Not knowing what was round the corner, we got a 3 year fixed at £715.00. Think the rate was around 6.25%. Yes, we may lose out in the short term, but atleast we know what we're paying!
#29
Scooby Regular
iTrader: (1)
Join Date: Dec 2006
Location: Central Scotland
Posts: 3,687
Likes: 0
Received 0 Likes
on
0 Posts
![Default](https://www.scoobynet.com/images/icons/icon1.gif)
Our 2 year tracker rate ended in August this year. Around May, everyone was saying 'sort you new product now now now!'. Not knowing what was round the corner, we got a 3 year fixed at £715.00. Think the rate was around 6.25%. Yes, we may lose out in the short term, but atleast we know what we're paying!
That siad, at least we know where we are at while things keep bouncing around.
5t.