Comments | qatsi: Cod Wars

qatsi

Cod Wars

Oct 08, 2008 21:19

"The Icelandic government, believe it or not, have told me yesterday they have no intention of honouring their obligations here," said Mr Darling.It seems that the story has changed through the day, but that is rather unambiguous and undiplomatic language, even for someone who may be "tired and emotional" after thrashing out a rescue plan all night ( Read more... )

economy, money

Comments 8

pm215 October 8 2008, 20:47:08 UTC

My IF mortgage is defined to track the BoE base rate (with defined limits on how long they can delay a rate change), so if yours is the same then they are obliged to pass on the cut.

uitlander October 9 2008, 06:42:25 UTC

I suspect my IF deal and qatsi's are about the same as were were both early adopters and on very similar deals. Mine isn't any form of tracker, but gave me a reduced rate for 2 years and now is IFs SVR - we'd both quite like them to change their SVR, which they don;t always do when the BOE changes its rates.

pm215 October 9 2008, 07:31:36 UTC

Mine was also a 2-year deal reverting to the SVR, but IF do let you remortgage with them (you pay an up-front fee and get a reduced rate), so I'm technically now on my third IF mortgage. My current mortgage is interesting in that it's called the "retention tracker" and has the tracker rate for the lifetime of the mortgage...

I suspect that at the moment the deals available aren't so likely to be good, but if either of you are actually paying significant amounts of interest in the monthly mortgage payment it's certainly worth investigating what they'd do you in the way of a remortgage.

uitlander October 9 2008, 07:38:14 UTC

My mortgage is currently fully offset, so I pay 0%. I can't see there being a better deal out there for me and am quite happy to stay where I am right now ;-)

Thread 5

rfmcdpei October 8 2008, 22:45:02 UTC

Russia might snap it up first what with the huge amounts of money that Russia's lending it.

qatsi October 9 2008, 19:53:32 UTC

Maybe, but a £3.1bn loan doesn't sound like a "huge" amount of money when the outstanding amount due to UK savers is £4bn (before you count the various bits of local government that seem to have had money stashed there).

Ebay uitlander October 10 2008, 12:45:21 UTC

Well, someone's finally got around to it.