Finance & Investment Questions

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Sticky: Mortgage News by loanarranger Started by loanarranger, 23-12-2015, 18:43 PM	279 responses 21,182 views 0 likes	Last Post by loanarranger 19-10-2018, 10:43 AM
Libor v Base Rate by VictoriaH Started by VictoriaH, 21-10-2018, 18:08 PM	2 responses 15 views 0 likes	Last Post by Gordon999 21-10-2018, 23:02 PM
How money is created : by Gordon999 Started by Gordon999, 14-10-2018, 09:26 AM	16 responses 150 views 0 likes	Last Post by hech123 21-10-2018, 12:49 PM
Which mortgage to overpay? by Wannadonnadoodah Started by Wannadonnadoodah, 20-10-2018, 16:17 PM	2 responses 39 views 0 likes	Last Post by Gordon999 20-10-2018, 21:44 PM
help, what to do with mortgage? by logan5 Started by logan5, 07-10-2018, 10:01 AM	20 responses 303 views 0 likes	Last Post by rfph1 20-10-2018, 12:43 PM
Inheritance and wills by Raiden328i Started by Raiden328i, 13-09-2016, 09:19 AM	41 responses 1,586 views 0 likes	Last Post by tatemono 19-10-2018, 17:45 PM
1 Property in The Bag - Now what? Need Advice Please! by Johnwb89 Started by Johnwb89, 18-10-2018, 13:12 PM	3 responses 55 views 0 likes	Last Post by boletus 18-10-2018, 17:50 PM
Transferring Money from Existing Company to a Newly Created Limited Company by ryan90 Started by ryan90, 16-10-2018, 09:11 AM	1 response 36 views 0 likes	Last Post by Gordon999 18-10-2018, 10:41 AM
Am I better off selling my property, or renting it out? by eshjie Started by eshjie, 16-10-2018, 09:56 AM	11 responses 158 views 0 likes	Last Post by loanarranger 17-10-2018, 17:09 PM
Mortgage overpayments by boletus Started by boletus, 15-10-2018, 09:47 AM	4 responses 50 views 0 likes	Last Post by loanarranger 15-10-2018, 13:59 PM
Accountant self-assessment tax fee by Eigentum Started by Eigentum, 18-09-2018, 20:58 PM	11 responses 154 views 0 likes	Last Post by Eigentum 15-10-2018, 10:38 AM

Libor v Base Rate

VictoriaH

My present bank only lends on Libor. I've taken my last 3 mortgage out with them on Libor + 3.25%
Is this risky?...
- Channel: Finance & Investment Questions
21-10-2018, 18:08 PM
Reply to Libor v Base Rate

Gordon999

If your question was about the interest rate Libor +3.25%, Libor rate ( for 3-6 months ) is currently about 0.905 %.

So you are paying approx 4.2% interest rate and I would expect you get notification of new rate from the bank.

If you can change to a 5 years...
- Channel: Finance & Investment Questions
21-10-2018, 23:02 PM
Reply to Libor v Base Rate

Gordon999

I found this on the pimco website:
SOFR and other alternatives to Libor: recent developments

Over the past year, industry leaders and regulators have articulated tangible steps to implement alternatives to Libor, laying the foundation for markets to reference and build liquidity around...
- Channel: Finance & Investment Questions
21-10-2018, 22:38 PM
How money is created :

Gordon999

Here is something everyone should try to understand : How money is created :

Money is more than banknotes and coins. If you have a bank account, you can use what’s in it to buy things, typically with a debit card. Because you can buy things with your bank account, we think of this...
- Channel: Finance & Investment Questions
14-10-2018, 09:26 AM
Reply to How money is created :

hech123

Still watching but not a great beginning..............."The system which is ultimately responsible for the inequality in our society today. The system which has kept them atop the financial food chain for the last 100 years"

This all sounds very well if wealth inequality had...
- Channel: Finance & Investment Questions
21-10-2018, 12:49 PM
Reply to How money is created :

JK0

I think I linked to this several years ago:

...
- Channel: Finance & Investment Questions
20-10-2018, 22:40 PM
Which mortgage to overpay?

Wannadonnadoodah

I want to clear my residential mortgage quicker. Have an interest only BTL that has a £300 surplus each month after the interest is paid. Seems an easy question but then tax relief on the BTL mortgage payments comes into play. The BTL is in the name of a basic rate tax payer.

Residential...
- Channel: Finance & Investment Questions
20-10-2018, 16:17 PM
Reply to Which mortgage to overpay?

Gordon999

You have £300 per month surplus money and can reduce your mortgage loan by £3600 in one year.

On your residential mortgage , you reduce your loan by £3600 and saving £72 interest ( at 2% ) next year

On your BTL mortgage , you reduce your loan by £3600 and saving £144...
- Channel: Finance & Investment Questions
20-10-2018, 21:44 PM
Reply to Which mortgage to overpay?

boletus

Is this a trick question?

Put some figures in and all relevant info.

And please don't move the goalposts later on to reveal you are from the planet Zog, with diplomatic immunity and all rent is paid to an oak tree based in the Cayman islands receiving WTC.
- Channel: Finance & Investment Questions
20-10-2018, 20:14 PM
help, what to do with mortgage?

logan5

ok situation is:

own a house that have been renting out and now want to sell. the house has been on the market for 9 months, which isn't unsual in this area. the tenant has now decided to move out and has bought there own place.

im now staring at an interest only...
- Channel: Finance & Investment Questions
07-10-2018, 10:01 AM

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