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Portman Len

Member Since: 09 May 2011
Location: Suffolk
Posts: 57

2011 Range Rover Sport 3.0 TDV6 HSE Stornoway Grey

Bank of England seriously considering a rate CUT

http://www.thisismoney.co.uk/money/news/ar...asing.html

and rates not set to increase until 2014 at the earliest! 2011 Range Rover Sport 3.0 TDV6 HSE

Wed Sep 21 2011 9:25pm

codfather

Member Since: 13 Feb 2010
Location: ayr
Posts: 1171

2010 Range Rover Sport 3.0 TDV6 SE Santorini Black

Bu66er! I've just fixed mortgage at 3.75% for 3 years banking in an increase! I always seem to fix at wrong time!
Upside is the pound should decrease against euro which is good for my business, but crap for holidays! MY10 TDV6 SE (debadged ), Santorini Black, Flappy paddles, Privacy Glass, 20" Stormers, Mudflaps!

Gone: a comprehensive list of imprezas and a Merc ML AMG

Wed Sep 21 2011 9:36pm

oldcro

Member Since: 25 Aug 2010
Location: Shetland
Posts: 359

More bad news for those of us who spend what we earned yesterday instead of those who spend today what they hope they'll earn tomorrow.

Wed Sep 21 2011 9:49pm

Ady 555
Site Moderator

Member Since: 12 Dec 2010
Location: Good old yorkshire
Posts: 8738

2012 Range Rover Sport SDV6 HSE Santorini Black

codfather wrote:
Bu66er! I've just fixed mortgage at 3.75% for 3 years banking in an increase! I always seem to fix at wrong time!
Upside is the pound should decrease against euro which is good for my business, but crap for holidays!

Do you take more holidays than what you do business

Wed Sep 21 2011 10:00pm

codfather

Member Since: 13 Feb 2010
Location: ayr
Posts: 1171

Ady 555 wrote:
codfather wrote:
Bu66er! I've just fixed mortgage at 3.75% for 3 years banking in an increase! I always seem to fix at wrong time!
Upside is the pound should decrease against euro which is good for my business, but crap for holidays!

Do you take more holidays than what you do business

I wish, Ady! I was just being sympathetic to those who do! Of our turnover about £1M is sold in euros, we don't fix rates with the bank, so we hang on to our euros till the exchange rate suits us. Another downside is that as most of the seafood industry is export driven , if the pound weakens it is cheaper for eurozone to buy Scottish fish, but the price of fish on the Quayside goes up to compensate, meaning your fish supper will cost more( as if it wasn't expensive enough!)
Cheers
Dave MY10 TDV6 SE (debadged

), Santorini Black, Flappy paddles, Privacy Glass, 20" Stormers, Mudflaps!

Gone: a comprehensive list of imprezas and a Merc ML AMG

Thu Sep 22 2011 5:36am

NickM

Member Since: 14 Feb 2008
Location: London
Posts: 2995

codfather wrote:
Bu66er! I've just fixed mortgage at 3.75% for 3 years banking in an increase! I always seem to fix at wrong time!
Upside is the pound should decrease against euro which is good for my business, but crap for holidays!

Cod it could still be cheaper for you to pay the redemption penalty and add that penalty to your mortgage and get a 1.99% tracker....ask the question, you could make up the fee in 18 months....with the money you save...

Thu Sep 22 2011 5:50am

Ady 555
Site Moderator

Member Since: 12 Dec 2010
Location: Good old yorkshire
Posts: 8738

It all sounds fishy to me

Thu Sep 22 2011 7:32am

codfather

Member Since: 13 Feb 2010
Location: ayr
Posts: 1171

NickM wrote:
codfather wrote:
Bu66er! I've just fixed mortgage at 3.75% for 3 years banking in an increase! I always seem to fix at wrong time!
Upside is the pound should decrease against euro which is good for my business, but crap for holidays!

Cod it could still be cheaper for you to pay the redemption penalty and add that penalty to your mortgage and get a 1.99% tracker....ask the question, you could make up the fee in 18 months....with the money you save...

i dont have the kahunas for that kind of thing!, i would do that and the bank of england would suddenly change their mind and go to 5%!!, anyway, its not a huge problem as mortgage is only for 60k and finishes in a few years! MY10 TDV6 SE (debadged

), Santorini Black, Flappy paddles, Privacy Glass, 20" Stormers, Mudflaps!

Gone: a comprehensive list of imprezas and a Merc ML AMG

Thu Sep 22 2011 8:37am

nathanh1

Member Since: 03 Aug 2010
Location: Southampton
Posts: 151

Ady 555 wrote:
It all sounds fishy to me

Was waiting for this!

Thu Sep 22 2011 8:39am

npinks
Site Moderator

Member Since: 26 Nov 2007
Location: Watching
Posts: 6716

good news for me, part of my mortgage is a tracker at IIRC 0.18% above base rate,

I know i was advised not to cancel it when i moved last year as he could believe how low a rate i had, and got my extra funds on a fixed additional mortgage

Thu Sep 22 2011 8:48am

Jonny Fresh

Member Since: 04 Feb 2008
Location: Manchester
Posts: 3586

my mortgage is 0.99% above base so the lower the better in that respect..............but my company deposit account also tracks the base rate so my interest is

Thu Sep 22 2011 9:03am

npinks
Site Moderator

Member Since: 26 Nov 2007
Location: Watching
Posts: 6716

spent my savings buying the newer house last year

Thu Sep 22 2011 9:08am

Portman Len

Member Since: 09 May 2011
Location: Suffolk
Posts: 57

Jonny Fresh wrote:
my mortgage is 0.99% above base so the lower the better in that respect..............but my company deposit account also tracks the base rate so my interest is

Same with me. My tracker mortgage is 0.4% above base with HSBC fixed for the duration of the term, but as you say, the downside is the business savings/bond rates are pretty poor. Best one I've found recently was with Santander - a one-year fixed business bond at 2.75%.

Can't have it both ways I suppose. 2011 Range Rover Sport 3.0 TDV6 HSE

Thu Sep 22 2011 9:24am

Very Annoyed
Site Moderator

Member Since: 23 Aug 2005
Location: bat-wielding monkey-spanking tough-love zero-tolerance Euro-sceptic moderator - So just watch it!
Posts: 19459

Be careful of loan sharks! 2005 Zambezi TDV6 - Gone but not forgotten
2009 Alaska TDV8 - Gone and much missed.

WINNER - 2009 ï¿½Idler Of The Yearï¿½ Award
Runner Up - 2009 ï¿½Just Doing What Itï¿½s Designed To Doï¿½ Award

DO NOT CLICK HERE!

Thu Sep 22 2011 10:06am

BKHK

Member Since: 05 May 2008
Location: Perth
Posts: 1940

2010 Range Rover Sport Supercharged Java Black

You can get 6.15% on bank deposit here or slightly more if you lock it in for 6 month term deposit. Unfortunately, the income is taxable like it is in the UK at your highest marginal rate.

Thu Sep 22 2011 12:29pm

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