Bank of England interest rates- down they go again!

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    #16
    Originally posted by pcwilkins View Post
    Hmmm possibly. But they do seem to have become noticeably more gloomy recently.

    Peter
    If you want a true picture of what it says in the press, then read the papers/predictions from 12 months ago and see if they have come true.
    No one knows for sure what will happen over the course of the next year, it is all guess work ( Might be an educated guess, but still a guess )

    Comment


      #17
      Originally posted by simhar
      Very true - but its usually easy to work out whats going to happen in the next 6 months !
      Well said, Simhar.
      Gosh; your posts are fascinating.
      JEFFREY SHAW, solicitor [and Topic Expert], Nether Edge Law*
      1. Public advice is believed accurate, but I accept no legal responsibility except to direct-paying private clients.
      2. Telephone advice: see http://www.landlordzone.co.uk/forums/showthread.php?t=34638.
      3. For paid advice about conveyancing/leaseholds/L&T, contact me* and become a private client.
      4. *- Contact info: click on my name (blue-highlight link).

      Comment


        #18
        Originally posted by Wickerman
        Bloody hell.

        3% !!!
        ...per day: not bad.
        JEFFREY SHAW, solicitor [and Topic Expert], Nether Edge Law*
        1. Public advice is believed accurate, but I accept no legal responsibility except to direct-paying private clients.
        2. Telephone advice: see http://www.landlordzone.co.uk/forums/showthread.php?t=34638.
        3. For paid advice about conveyancing/leaseholds/L&T, contact me* and become a private client.
        4. *- Contact info: click on my name (blue-highlight link).

        Comment


          #19
          Originally posted by Wickerman
          I have seen ASTs with interest rates of 10% per day for late rent.
          Quite possibly. However, they are unenforceable.
          'Pause you who read this, and think for a moment of the long chain of iron or gold, of thorns or flowers, that would never have bound you, but for the formation fo the first link on one memorable day'. Charles Dickens, Great Expectations

          Comment


            #20
            In this "rip-off" country we never seem to benefit at all. You can bet your sweet bippy that interest rates on savings will fall like lightening, and the BoE have made their huge bank rate adjustment confident that their colleagues will make no changes in mortgage interest rates at all as they can blame the LIBOR rates. (I hope that I'm wrong!)

            P.P.
            Any information given in this post is based on my personal experience as a landlord, what I have learned from this and other boards and elsewhere. It is not to be relied on. Definitive advice is only available from a Solicitor or other appropriately qualified person.

            Comment


              #21
              Originally posted by Wickerman
              I have seen ASTs with interest rates of 10% per day for late rent.
              Only for Tenancies granted by Sicily-based family financial enterprises.
              JEFFREY SHAW, solicitor [and Topic Expert], Nether Edge Law*
              1. Public advice is believed accurate, but I accept no legal responsibility except to direct-paying private clients.
              2. Telephone advice: see http://www.landlordzone.co.uk/forums/showthread.php?t=34638.
              3. For paid advice about conveyancing/leaseholds/L&T, contact me* and become a private client.
              4. *- Contact info: click on my name (blue-highlight link).

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                #22
                All that the loopy 1.5% cut will do is:
                a. crank-up house prices again; and
                b. stoke inflation something rotten.

                Perhaps HMG has a death wish?
                JEFFREY SHAW, solicitor [and Topic Expert], Nether Edge Law*
                1. Public advice is believed accurate, but I accept no legal responsibility except to direct-paying private clients.
                2. Telephone advice: see http://www.landlordzone.co.uk/forums/showthread.php?t=34638.
                3. For paid advice about conveyancing/leaseholds/L&T, contact me* and become a private client.
                4. *- Contact info: click on my name (blue-highlight link).

                Comment


                  #23
                  Originally posted by jeffrey View Post
                  All that the loopy 1.5% cut will do is:
                  a. crank-up house prices again; and
                  b. stoke inflation something rotten.
                  Or possibly :

                  a. price up cranks' houses; and
                  b. inflate and rot Stoke
                  'Pause you who read this, and think for a moment of the long chain of iron or gold, of thorns or flowers, that would never have bound you, but for the formation fo the first link on one memorable day'. Charles Dickens, Great Expectations

                  Comment


                    #24
                    Originally posted by mind the gap View Post
                    Or possibly :

                    a. price up cranks' houses; and
                    b. inflate and rot Stoke
                    Excellent. What monster have I created?
                    JEFFREY SHAW, solicitor [and Topic Expert], Nether Edge Law*
                    1. Public advice is believed accurate, but I accept no legal responsibility except to direct-paying private clients.
                    2. Telephone advice: see http://www.landlordzone.co.uk/forums/showthread.php?t=34638.
                    3. For paid advice about conveyancing/leaseholds/L&T, contact me* and become a private client.
                    4. *- Contact info: click on my name (blue-highlight link).

                    Comment


                      #25
                      Originally posted by jeffrey View Post
                      Excellent. What monster have I created?
                      Either : A most delicate monster...a most scurvy monster...a most ridiculous mosnter, to make a wonder of a poor drunkard!

                      Or : Actually..wotch it, mush. Call me Frankenstein again and I'll send me Auntie Beryl up there to give you a Glasgow kiss.
                      'Pause you who read this, and think for a moment of the long chain of iron or gold, of thorns or flowers, that would never have bound you, but for the formation fo the first link on one memorable day'. Charles Dickens, Great Expectations

                      Comment


                        #26
                        Originally posted by mind the gap View Post
                        Either : A most delicate monster...a most scurvy monster...a most ridiculous mosnter, to make a wonder of a poor drunkard!

                        Or : Actually..wotch it, mush. Call me Frankenstein again and I'll send me Auntie Beryl up there to give you a Glasgow kiss.
                        NO! I expected you to know that Frankenstein was the scientist inventor, not the monster (never named and, anyway, not a baddie).
                        JEFFREY SHAW, solicitor [and Topic Expert], Nether Edge Law*
                        1. Public advice is believed accurate, but I accept no legal responsibility except to direct-paying private clients.
                        2. Telephone advice: see http://www.landlordzone.co.uk/forums/showthread.php?t=34638.
                        3. For paid advice about conveyancing/leaseholds/L&T, contact me* and become a private client.
                        4. *- Contact info: click on my name (blue-highlight link).

                        Comment


                          #27
                          Originally posted by mind the gap View Post
                          Or possibly :

                          a. price up cranks' houses; and
                          b. inflate and rot Stoke
                          Stoke on Trent
                          is an anagram of
                          enterest kont
                          which sounds like
                          interest cut
                          but it's late and I'm leaving the office so ner.
                          JEFFREY SHAW, solicitor [and Topic Expert], Nether Edge Law*
                          1. Public advice is believed accurate, but I accept no legal responsibility except to direct-paying private clients.
                          2. Telephone advice: see http://www.landlordzone.co.uk/forums/showthread.php?t=34638.
                          3. For paid advice about conveyancing/leaseholds/L&T, contact me* and become a private client.
                          4. *- Contact info: click on my name (blue-highlight link).

                          Comment


                            #28
                            House prices will not go up (for the foreseeable future) as buyers still can't get a decent mortgage, and where do you think the 25% deposit will come from? What's more lenders are unliekly to pass on the full cut especially for new mortgages. It might prevent a further slide but we're still in deep doo doo!
                            The advice I give should not be construed as a definitive answer, and is without prejudice or liability. You are advised to consult a specialist solicitor or other person of equal legal standing.

                            Comment


                              #29
                              Originally posted by jeffrey View Post
                              NO! I expected you to know that Frankenstein was the scientist inventor, not the monster (never named and, anyway, not a baddie).
                              (Sigh). Yes. I know that. However, speaking, as I wos, in role as the nasty igorant person wot I was pretending to be, I got it wrong on purpose. And I dint say he wos a baddie, neither. But you wunt want 'im in yer front room, wud yer?
                              'Pause you who read this, and think for a moment of the long chain of iron or gold, of thorns or flowers, that would never have bound you, but for the formation fo the first link on one memorable day'. Charles Dickens, Great Expectations

                              Comment


                                #30
                                Originally posted by jeffrey View Post
                                Stoke on Trent
                                is an anagram of
                                enterest kont
                                which sounds like
                                interest cut
                                but it's late and I'm leaving the office so ner.
                                OI you pair... whats wrong with Stoke on Trent??

                                ... then again whats right with it??


                                Oh yeah ... I live here ... and Robbie is here at the mo (where is the swoon emote???). Twice last week he was within reaching distance and I missed him
                                GOVERNMENT HEALTH WARNING: I am a woman and am therefore prone to episodes of PMT... if you don't like what I have to say you can jolly well put it in your pipe and SMOKE IT!!

                                Oh and on a serious note... I am NOT a Legal person and therefore anything I post could be complete and utter drivel... but its what I have learned in the University called Life!

                                Comment

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