Search results

Thanks, I had no idea they were paying that. My savings are tied up in stocks & shares ISA’s, Bonds and Sipp's, so I’ll just have to ride the storm. Swings and roundabouts.

Higher savings rates? Instant access accounts are 1%. The banks are are the only ones benefiting from this, it’s obscene.

Clever parents, different days.

Very true, I had a flat, in 1990, which probably had a value of £60k with a £50k mortgage but was earning £25.5k pa with a company car. My wife was earning about £18k pa. The 15% mortgage rate then would’ve generated interest of £7.5k pa which would’ve been approx 15% of our gross income...

If house prices plummet, house builders will stop building, as their costs will stay the same and they won't accept a reduction in profit. Demand will then exceed supply, forcing prices back up.

No, I appreciate that as my comment was generic, but if you have a variable lending rate of 6% would there be any “no strings attached” saving rates of 4.5% from the same banks

The banks should be made to pay saving accounts at, say, 1.5% below lending rates. They may not, then, be so quick to raise lending rates.