BoE cuts base rate from 0.75% to 0.25% - Contractor UK Bulletin Board

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FIERCE TANK BATTLE replied

12 March 2020, 10:27
Originally posted by Lost It View Post

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.
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Martin@AS Financial replied

11 March 2020, 18:44
Originally posted by northernladuk View Post

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.
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Mordac replied

11 March 2020, 13:12
Originally posted by WTFH View Post

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...
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Mordac replied

11 March 2020, 13:08
Originally posted by GigiBronz View Post

Wonderful times to live in...

If you're alive, these are wonderful times...
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Lost It replied

11 March 2020, 12:50
Originally posted by Mordac View Post

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?
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northernladuk replied

11 March 2020, 11:51
Originally posted by scooterscot View Post

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.
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scooterscot replied

11 March 2020, 11:37
Originally posted by northernladuk View Post

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.
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scooterscot replied

11 March 2020, 11:17
No mortgage ether. No house come to think of it. Far rather rent during times of volatility and over inflated asset bubbles.
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northernladuk replied

11 March 2020, 11:17
Originally posted by _V_ View Post

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.
Leave a comment:
WTFH replied

11 March 2020, 11:12
Originally posted by Platypus View Post

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.
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BrilloPad replied

11 March 2020, 10:34
Originally posted by Platypus View Post

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

True. But he spends much time on his charitable cause. Moderating a forum full of children(or so they appear from the comments).
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Platypus replied

11 March 2020, 10:31
Originally posted by WTFH View Post

Not so good for those of us with savings and no mortgage.

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

11 March 2020, 10:29
Wonderful times to live in...
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scooterscot replied

11 March 2020, 10:10
Originally posted by WTFH View Post

Not so good for those of us with savings and no mortgage.

How long before comrade Boris helps himself to peoples bank account Cyprus style?

Suddenly 0% on savings seems like a dream.
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WTFH replied

11 March 2020, 10:04
Not so good for those of us with savings and no mortgage.
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