BN66 - Time to fight back: Continued

[elpinar]

What about the amount above 35K already paid off?
In the event of a bank folding, is that a goner?

what do you mean by paid off? if you have made a capital repayemnt then your mortgae has been reduced - never to return - but if by paid off you mean sitting in the offset account cancelling it out then that woudl be at risk - HOWEVER caveat to that if it is a bank folding then even the later is safe - if it is a building socuieity folding then the risk is present

[TheGadgetMan]

Ctd

Jeez...this is getting too complicated for my tiny brain to deal with...

...my offset mortgage is with Intelligent Finance...I'm sending my money off for my CTD tomorrow morning...

my money is safer in a CTD with HMRC, isn't it?...please tell me its so...?

Done...just purchased a CTD ...done by CHAPS...

funny how an electronic transfer is slightly less painful than actually writing out a cheque...only slightly, mind...

I spoke to MP yesterday...the JR is progressing...the deadline for the application is 3 months from Royal Assent...so it has to be in by late October...I was also given a moderately interesting piece of info which I wont share here because we know MrYouKnowWho () is reading this...

[twinkle]

Done...just purchased a CTD ...done by CHAPS...

funny how an electronic transfer is slightly less painful than actually writing out a cheque...only slightly, mind...

I spoke to MP yesterday...the JR is progressing...the deadline for the application is 3 months from Royal Assent...so it has to be in by late October...I was also given a moderately interesting piece of info which I wont share here because we know MrYouKnowWho () is reading this...

Gadgetman,

I am with MP and just about to extend my contract, how can you share your 'moderately interesting news with me / us. I have now sent you a PM. Thanks

[AlbionRovers]

what do you mean by paid off? if you have made a capital repayemnt then your mortgae has been reduced - never to return - but if by paid off you mean sitting in the offset account cancelling it out then that woudl be at risk - HOWEVER caveat to that if it is a bank folding then even the later is safe - if it is a building socuieity folding then the risk is present

Sorry, yes offset reduced from 95K to below 35K and One Account (RBS), not Building Society. Amount > 35K safe or not safe? What say ye?

[elpinar]

Sorry, yes offset reduced from 95K to below 35K and One Account (RBS), not Building Society. Amount > 35K safe or not safe? What say ye?

if one account is counted as an offset and you have a mortgage with rbs then it should be safe.
if its just a savings account in whcih you get interest cos all your money there - then no amt over 35 is save

[TheGadgetMan]

Gadgetman,

I am with MP and just about to extend my contract, how can you share your 'moderately interesting news with me / us. I have now sent you a PM. Thanks

sorry but I'm reluctant to pass on the info at the moment (apart from those of you whom Ive spoken to personally) as I really don't want it to get back to MrYouKnowWho ()...

...in any case it will become general knowledge in due course and relates to the JR...what I would say is that for those of you who are negotiating contracts...just go ahead...the news will not effect how you proceed with your negotiations...nor whether you should stay with MP or leave...

for me, Ive bought my CTD...my tax liability wont increase any further...the interest has stopped accruing...I believe we have a VERY strong case...I'm expecting MrYouKnowWho () to eventually have his ass beaten red-raw in court...I'm now sitting tight...and waiting for the fun in court to begin...

[elpinar]

sorry but I'm reluctant to pass on the info at the moment (apart from those of you whom Ive spoken to personally) as I really don't want it to get back to MrYouKnowWho ()...

...in any case it will become general knowledge in due course and relates to the JR...what I would say is that for those of you who are negotiating contracts...just go ahead...the news will not effect how you proceed with your negotiations...nor whether you should stay with MP or leave...

for me, Ive bought my CTD...my tax liability wont increase any further...the interest has stopped accruing...I believe we have a VERY strong case...I'm expecting MrYouKnowWho () to eventually have his ass beaten red-raw in court...I'm now sitting tight...and waiting for the fun in court to begin...

excellent news - it just seems sad when we are giving him the cash in a CTD partly because we think he's the safest option ....... but being as i work in the Lehman building and have seen the press camped at the doors for the last two days ....... (plus scummy Reed employment handing out goody bags with mugs ... who needs a mug - they want a job!!!!)

[AlbionRovers]

if one account is counted as an offset and you have a mortgage with rbs then it should be safe.
if its just a savings account in whcih you get interest cos all your money there - then no amt over 35 is save

Cheers, it's indeed a bone fide offset.
I'n now just getting my post count up so I can vote above.

[Ratican]

Red-Raw

for me, Ive bought my CTD...my tax liability wont increase any further...the interest has stopped accruing...I believe we have a VERY strong case...I'm expecting MrYouKnowWho () to eventually have his ass beaten red-raw in court...I'm now sitting tight...and waiting for the fun in court to begin...

GM! Did you use TQ's estimate to calculate your CTD?
Red-Raw. Yeah. I like it!
THEIR ARGUMENTS >< OUR ARGUMENTS

<US
<THEM

[TheGadgetMan]

GM! Did you use TQ's estimate to calculate your CTD?

yes, thats a very good point...TQ did work out the figures for the 3 years for which I was exposed...MrYouKnowWho () sent me his estimate for one of those years some time back...

when I compared them, there was only a few hundred pounds difference, so Ive gone with TQ's figure...obviously I didn't send the interest portion (15K, would you effing believe!)...