Is the mortgage timebomb about to go off? RBS and NatWest hike home loan rates for 200,000 customers

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Re: Is the mortgage timebomb about to go off? RBS and NatWest hike home loan rates for 200,000 customers

Post by Guest on Thu Mar 08, 2012 10:20 am

And who emptied the moneybox Comrade Sassy. Your corrupt and incompetant Lefty Liebour Party. They have totally destroyed the British economy - Even a died in the wool Stanilista like yourself can see that.

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Re: Is the mortgage timebomb about to go off? RBS and NatWest hike home loan rates for 200,000 customers

Post by Guest on Thu Mar 08, 2012 10:49 am

sassy1261 wrote:

But that is exactly what the capitalist system is based on. If people don't spend we crash. I think its stupid as well and don't owe anyone anything thank goodness, but one of the reasons the country has not bounced back after the recession is because people are not spending. So by following your advice the country is going to hell in a hand cart. (Although they are not following your advice of course, they just ain't got no dosh!)



As in all things anything carried to excess even a virtue becomes a vice. I mentioned we had recently bought a holiday home in the UK with substantial mortgage. We did so with an ambitious paydown target and to acheive that we will do without holidays this year. Holidays abroad that is. BY buying a house in the UK we in our small way get the housing market moving. We haven't stopped spending all together we just adjust outgoings.



Thrift and moderation are words that have become so outmoded because the left have punished thrifty people and rewarded the profligate. I don't just talk the talk I walk the walk so you can't call me a hypocrite.



AS to why many have " No Dosh" well it because they were profligate in better times it is as simple as that. That isn't my fault or the coalitions fault it is theirs for not paying down their debt when they could. I accept some in that period may not be at fault but many many were. .

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Re: Is the mortgage timebomb about to go off? RBS and NatWest hike home loan rates for 200,000 customers

Post by Guest on Thu Mar 08, 2012 1:36 pm

Drinky wrote:



As in all things anything carried to excess even a virtue becomes a vice. I mentioned we had recently bought a holiday home in the UK with substantial mortgage. We did so with an ambitious paydown target and to acheive that we will do without holidays this year. Holidays abroad that is. BY buying a house in the UK we in our small way get the housing market moving. We haven't stopped spending all together we just adjust outgoings.



Thrift and moderation are words that have become so outmoded because the left have punished thrifty people and rewarded the profligate. I don't just talk the talk I walk the walk so you can't call me a hypocrite.



AS to why many have " No Dosh" well it because they were profligate in better times it is as simple as that. That isn't my fault or the coalitions fault it is theirs for not paying down their debt when they could. I accept some in that period may not be at fault but many many were. .

I'm sorry, that just made me laugh because it shows exactly why you are so out of touch. Most people have no money because they are not paid enough to save! Or they have lost their jobs etc etc. I do hope your bubble never bursts, you'd never survive in the real world.

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Re: Is the mortgage timebomb about to go off? RBS and NatWest hike home loan rates for 200,000 customers

Post by Guest on Thu Mar 08, 2012 1:54 pm

Wrong Sassy AGAIN !! The reason MOST people are in debt is because they have spent money they havn't got. No body NEEDS designer clothes or multiple Plasma Screen TV's or Sky subscriptions or Electronic game playing machines or PC's or holidays or cars or over expensive housing or Fags or Booze or mobile phones ETC. ETC. All those are unnecessary luxury goods. If everybody lived within their means and cut out the luxury items, there would be little debt.. The debt is down to two things ENVY and GREED. Sorry there is one more total lack of PERSONAL RESPONSIBILITY.

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Re: Is the mortgage timebomb about to go off? RBS and NatWest hike home loan rates for 200,000 customers

Post by Guest on Thu Mar 08, 2012 2:18 pm

fred bloggs wrote:Wrong Sassy AGAIN !! The reason MOST people are in debt is because they have spent money they havn't got. No body NEEDS designer clothes or multiple Plasma Screen TV's or Sky subscriptions or Electronic game playing machines or PC's or holidays or cars or over expensive housing or Fags or Booze or mobile phones ETC. ETC. All those are unnecessary luxury goods. If everybody lived within their means and cut out the luxury items, there would be little debt.. The debt is down to two things ENVY and GREED. Sorry there is one more total lack of PERSONAL RESPONSIBILITY.

There are people out there choosing between food and heating, and the reason the economy is not picking up is because they are not buy tv's etc. Did you not know that is how a capitalist system works, which is why people are encouraged to spend. No spending, no economy, country goes bang! You and Drinky don't appear to know what a good little capitalist does.

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Re: Is the mortgage timebomb about to go off? RBS and NatWest hike home loan rates for 200,000 customers

Post by Guest on Thu Mar 08, 2012 2:49 pm

For pity's sake, there is so much ignorance on this thread its outstanding.

The sub prime disaster came from America - it looks like some people need a bit of education about how this original sub prime issue and which politician was ultimately its architect.

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Re: Is the mortgage timebomb about to go off? RBS and NatWest hike home loan rates for 200,000 customers

Post by Guest on Thu Mar 08, 2012 3:31 pm

Sassy I am talking about the noughties when times were so called good not now the baloon has burst. You just don't get it people over spent it is well documented. You would trather lkive in your demented left wing universe where you can bklame anyone but yourself particualrly the Tories for the ills of society.



It isn't capitalist to spens spend spend it is rather the opposite it is the Socialist who do that. Profiligacy is the srtform of the Socialist.



What a ridiculous view you have of capitalist we don't waste our money we had a hard time earning it.

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Re: Is the mortgage timebomb about to go off? RBS and NatWest hike home loan rates for 200,000 customers

Post by Guest on Thu Mar 08, 2012 4:28 pm

Drinky wrote:Sassy I am talking about the noughties when times were so called good not now the baloon has burst. You just don't get it people over spent it is well documented. You would trather lkive in your demented left wing universe where you can bklame anyone but yourself particualrly the Tories for the ills of society.



It isn't capitalist to spens spend spend it is rather the opposite it is the Socialist who do that. Profiligacy is the srtform of the Socialist.



What a ridiculous view you have of capitalist we don't waste our money we had a hard time earning it.

Its difficult debating with someone who does not know how capitalism works. Perhaps you should look it up, I should hate to bore you with another copy and paste, but it is rather difficult to do it any other way.

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Re: Is the mortgage timebomb about to go off? RBS and NatWest hike home loan rates for 200,000 customers

Post by Guest on Thu Mar 08, 2012 4:32 pm

sassy1261 wrote:



Its difficult debating with someone who does not know how capitalism works. Perhaps you should look it up, I should hate to bore you with another copy and paste, but it is rather difficult to do it any other way.



Absolutely no need to cut and paste Comrade Sassy!!! --- Just put forward your own views and include the link.
--- Simples.

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Re: Is the mortgage timebomb about to go off? RBS and NatWest hike home loan rates for 200,000 customers

Post by Guest on Thu Mar 08, 2012 9:10 pm

Sassy is onlyu able to spout bile against the coalition. Clearly she felt that another dose of Labour would have been better for the nation. Profligacy seems to be her watch word. Leaving countless debts for future generations seems also a priority.



We are the heartless ones not wanting toi face up to realities. What a strange set of values. Make life a bit easier now and let the children live in virtual slavery Very nice!!!

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Re: Is the mortgage timebomb about to go off? RBS and NatWest hike home loan rates for 200,000 customers

Post by Irn Bru on Thu Mar 08, 2012 9:50 pm

Drinky wrote:Sassy I am talking about the noughties when times were so called good not now the baloon has burst. You just don't get it people over spent it is well documented. You would trather lkive in your demented left wing universe where you can bklame anyone but yourself particualrly the Tories for the ills of society.



It isn't capitalist to spens spend spend it is rather the opposite it is the Socialist who do that. Profiligacy is the srtform of the Socialist.



What a ridiculous view you have of capitalist we don't waste our money we had a hard time earning it.

So why when in opposition did George Osborne promise to match Labour's spendimg plans then? well up until the sh!t hit the fan that is?
You're answer is......
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Re: Is the mortgage timebomb about to go off? RBS and NatWest hike home loan rates for 200,000 customers

Post by Guest on Thu Mar 08, 2012 9:52 pm

Drinky wrote:Sassy is onlyu able to spout bile against the coalition. Clearly she felt that another dose of Labour would have been better for the nation. Profligacy seems to be her watch word. Leaving countless debts for future generations seems also a priority.



We are the heartless ones not wanting toi face up to realities. What a strange set of values. Make life a bit easier now and let the children live in virtual slavery Very nice!!!

Either you can't read, or can't understand, or frankly I am beginning to suspect both. I support no party, they are all useless. The Labour party overspent and dragged us into wars we should never have been drawn into, the Coalition have swung to the opposite extreme and are going to bankrupt us by wiping out any thought of growth and leaving us with a mass of unemployed and no way to look after them. I would stand them all up against a wall and shoot them. I have said this many times, but you prefer to keep up the old refrain, even though you know it is a lie. Because of this, I judge you and find you seriously wanting and take absolutely no notice of your arguments. Why would I even bother to consider them, when they come from someone who would rather keeping lying because it makes them feel macho and big and has obviously got a serious inferiority complex. Thats the only conclusion that is available to me when you keep on with this farce.

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Re: Is the mortgage timebomb about to go off? RBS and NatWest hike home loan rates for 200,000 customers

Post by Guest on Thu Mar 08, 2012 10:36 pm

Lets be clear sassy we had a 500 milion pounds per day deficit handed over by labour. I dont know how many times I shall have to repeat this but we have to borrow that money on the international market.

Surprisingly enough the jnternational financiers give your amazing jntellect no credence whatsoever they are knly interested in a plan that is credible to reduce the deficit. Greece tried your ideas ie putting it off. We retain the lowest interest rates of all European states becausevof the coalitions work.
Now in addition to huge debts you want to leave huge interest rates as well. We are really doomed if our interest rates go up.

Secondlly you are forever espousing views that taxes should go up and that we retain a huge public sector. Both show what a tenuous link with reality let alone ecomic grasp you have. The high taxes to pay for a bloated public sector are choking off the growth you allege toy want.

You snipe at a coalition of two parties one left wing and you think you know better. You certainly have a big head if an empty one.

We are in a mess because left wing pompous arrogant egyts got us here. I cant discern any difference between you and these labour guys at all.

Indeed they did exactly the same thing in the 70s how dumb is it to do it twice. You probably thought they were right then.


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Re: Is the mortgage timebomb about to go off? RBS and NatWest hike home loan rates for 200,000 customers

Post by Guest on Thu Mar 08, 2012 11:07 pm

Drinky wrote:Lets be clear sassy we had a 500 milion pounds per day deficit handed over by labour. I dont know how many times I shall have to repeat this but we have to borrow that money on the international market.

Surprisingly enough the jnternational financiers give your amazing jntellect no credence whatsoever they are knly interested in a plan that is credible to reduce the deficit. Greece tried your ideas ie putting it off. We retain the lowest interest rates of all European states becausevof the coalitions work.
Now in addition to huge debts you want to leave huge interest rates as well. We are really doomed if our interest rates go up.

Secondlly you are forever espousing views that taxes should go up and that we retain a huge public sector. Both show what a tenuous link with reality let alone ecomic grasp you have. The high taxes to pay for a bloated public sector are choking off the growth you allege toy want.

You snipe at a coalition of two parties one left wing and you think you know better. You certainly have a big head if an empty one.

We are in a mess because left wing pompous arrogant egyts got us here. I cant discern any difference between you and these labour guys at all.

Indeed they did exactly the same thing in the 70s how dumb is it to do it twice. You probably thought they were right then.


Spare me from narrow minded men with small vision. Only someone of an extreme right wing stance could think that the Lib/Dems are left wing.

We need to match cutbacks in some areas with growth in others. We are nearly in a double dip recession, if we manage to stay clear of it, it will be by the skin of our teeth. All the cut backs in the world will not save the economy unless we have growth as well. At the moment we have recession and even higher debt, the only way we can manage the debt is because we have it at a very good interest rate. If we continue in this direction we will have nothing to pay back the debt with. We not only need sensible cut backs, we need areas of growth. At the moment the level of cut backs is decimating the workforce and we have no hope of growth apart from one car factory, and they have managed, by the hard work of the working man (you know, those men that Seren says are inacapable of hard work) to have impressed the manufacturers enough to expand. But that is one very small light on a very bleak horizon.

We are in a mess because pompous politicians got us there and we are staying in a mess because more pompous politicians are doing their best to make sure they finish the job.

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Re: Is the mortgage timebomb about to go off? RBS and NatWest hike home loan rates for 200,000 customers

Post by Irn Bru on Thu Mar 08, 2012 11:13 pm

Drinky wrote:Lets be clear sassy we had a 500 milion pounds per day deficit handed over by labour. I dont know how many times I shall have to repeat this but we have to borrow that money on the international market.

Surprisingly enough the jnternational financiers give your amazing jntellect no credence whatsoever they are knly interested in a plan that is credible to reduce the deficit. Greece tried your ideas ie putting it off. We retain the lowest interest rates of all European states becausevof the coalitions work.
Now in addition to huge debts you want to leave huge interest rates as well. We are really doomed if our interest rates go up.

Secondlly you are forever espousing views that taxes should go up and that we retain a huge public sector. Both show what a tenuous link with reality let alone ecomic grasp you have. The high taxes to pay for a bloated public sector are choking off the growth you allege toy want.

You snipe at a coalition of two parties one left wing and you think you know better. You certainly have a big head if an empty one.

We are in a mess because left wing pompous arrogant egyts got us here. I cant discern any difference between you and these labour guys at all.

Indeed they did exactly the same thing in the 70s how dumb is it to do it twice. You probably thought they were right then.


You're right, let's be clear because the debt you are talking about is the debt that was ran up due to the collapse of the financial system.Before that the debt and the deficit was actually lower than what Labour inherited from the Tories in 1997.
As said earlier, Osborne promised to match Labour's spending plans and he was even telling us that we should look accross the sea to Ireland to see how an economy should be run, shame he ended up having to help bail them out with a £7bn loan.

Here's what the Institute of fiscal studies said about all this...

The Public Finances: 1997 to 2010

By 2007–08, the public finances were in a stronger position than they had been when Labour came to power in 1997. Though public spending increased from 39.9% in 1996–97 to 41.1% in 2007–08 (an increase of 1.2 percentage points), over the same period revenues grew by 2.3 percentage points, meaning that total borrowing fell by 1.0 percentage point over this period (figures do not sum due to rounding). With more being spent on investment in 2007–08 than in 1996–97, the current budget (that is, the difference between current revenues and spending on non-investment items) strengthened even more – from a deficit of 2.7% of national income in 1996–97 to a deficit of just 0.3% of national income in 2007–08. Meanwhile, public sector net debt fell from 42.5% of national income to 36.5%, as the UK economy grew faster than the accumulation of new borrowing.


Here's what Mervyn King said.....

"After a decade and a half of stability, with rising employment and living standards, came the crisis and recession - the biggest economic upheaval since the Great Depression. Before the crisis, steady growth with low inflation and high employment was in our grasp. We let it slip - we, that is, in the financial sector and as policy-makers - not your members nor the many businesses and organisations around the country which employ them. And although the causes of the crisis may have been rooted in the financial sector, the consequences are affecting everyone, and will continue to do so for years to come.".

I expect that's another dagger through your heart and yet again it's a truth that you have to face up to.
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Re: Is the mortgage timebomb about to go off? RBS and NatWest hike home loan rates for 200,000 customers

Post by Guest on Fri Mar 09, 2012 11:16 am

Irn Bru wrote:

So why when in opposition did George Osborne promise to match Labour's spendimg plans then? well up until the sh!t hit the fan that is?
You're answer is......

I agree!!!! We got caught up in a spending race. Common sense now prevails except in Labour circles were the only thing they understand is spend spend spend. The Tories have always favoured smaller state Labour well they would have us all nationalised if they could.,

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Re: Is the mortgage timebomb about to go off? RBS and NatWest hike home loan rates for 200,000 customers

Post by Irn Bru on Fri Mar 09, 2012 11:27 pm

Drinky wrote:

I agree!!!! We got caught up in a spending race. Common sense now prevails except in Labour circles were the only thing they understand is spend spend spend. The Tories have always favoured smaller state Labour well they would have us all nationalised if they could.,

Is that it? Is that you have in your locker as a way of debating these issues? No comment on the two references I gave you then?

Oh well...

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