BoE cuts base rate from 0.75% to 0.25%

[WTFH]

My heart is not bleeding. You are in a very fortunate position.

Hard work (no inheritance/family wealth), frugal living, no (human) children, and a strong desire to make sure that if something happened to me, my wife would be able to continue on without having to sell up straight away.

The flip side of it is that we have very little saved up for pensions, etc.

[northernladuk]

Great news for those on a tracker mortgage I would expect.

for me.

Just arranging a new product for one of the BTL's and additional borrowing off the main residence. Application went in to Freelance yesterday so will just wait a day or two and hey presto. Lovely shiny mortgages on a lower rate. tulip like this never falls right for me so pleased as punch for a change.

[scooterscot]

No mortgage ether. No house come to think of it. Far rather rent during times of volatility and over inflated asset bubbles.

[scooterscot]

Just arranging a new product for one of the BTL's and additional borrowing off the main residence. Application went in to Freelance yesterday so will just wait a day or two and hey presto. Lovely shiny mortgages on a lower rate. tulip like this never falls right for me so pleased as punch for a change.

So you're taking on more debt in the midst of a debt crisis?

Good luck with that.

[northernladuk]

So you're taking on more debt in the midst of a debt crisis?

Good luck with that.

Nope, just using a lower rate to pay off a higher rate that isn't financially viable to change. Just using cheap money Roders.

[Lost It]

The ECB won't do anything until Germany is in trouble.

Apparently it already is... They are mutterings about another financial crash worse than 2008 because of a few old people that were already struggling with a respiratory problem have now died of a bug?

[Mordac]

Wonderful times to live in...

If you're alive, these are wonderful times...

[Mordac]

Hard work (no inheritance/family wealth), frugal living, no (human) children, and a strong desire to make sure that if something happened to me, my wife would be able to continue on without having to sell up straight away.

The flip side of it is that we have very little saved up for pensions, etc.

Don't tell her that though. You don't want to give her any ideas...

[Martin@AS Financial]

for me.

Just arranging a new product for one of the BTL's and additional borrowing off the main residence. Application went in to Freelance yesterday so will just wait a day or two and hey presto. Lovely shiny mortgages on a lower rate. tulip like this never falls right for me so pleased as punch for a change.

Great stuff NorthernladUK

Interestingly, one major UK bank today has just announced they are increasing their fixed rates.

[FIERCE TANK BATTLE]

Apparently it already is... They are mutterings about another financial crash worse than 2008 because of a few old people that were already struggling with a respiratory problem have now died of a bug?

If there's one thing I've learned from brexit and corona it's that everything hangs by a thread, and we're not far away from full scale catastrophe.

If something like that can disrupt the country so much just imagine what something intentional could do.