Random Mortgage Question Page 2

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  • reality_cheque 17 May 2006 15:42:45 7,486 posts
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    Fat Boy wrote:
    If you're stupid enough not to properly research something to do with finance before you accept it you really do deserve everything you get!
    I learnt that lesson aged 18 at uni, and have been VERY careful since!
  • Fat-Boy 17 May 2006 15:44:47 4,300 posts
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    reality_cheque wrote:

    I learnt that lesson aged 18 at uni, and have been VERY careful since!

    /removes foot from mouth.

    Sorry! At least you had the excuse of being young and naive at the time.
  • The_Aardvark 17 May 2006 15:50:32 3,063 posts
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    Fat Boy wrote:
    reality_cheque wrote:

    I'm lost for words. I'm hoping it's just because high interest rates is good for savings accounts, and not just people thinking higher numbers are automatically better.

    I fear it's the latter. And I can't even blame the banks on this one (which really upsets me!). If you're stupid enough not to properly research something to do with finance before you accept it you really do deserve everything you get!

    /casts around for someone to blame.

    School! The bastards!
  • The_Aardvark 17 May 2006 15:50:33 3,063 posts
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    Fat Boy wrote:
    reality_cheque wrote:

    I'm lost for words. I'm hoping it's just because high interest rates is good for savings accounts, and not just people thinking higher numbers are automatically better.

    I fear it's the latter. And I can't even blame the banks on this one (which really upsets me!). If you're stupid enough not to properly research something to do with finance before you accept it you really do deserve everything you get!

    /casts around for someone to blame.

    School! The bastards!
  • Fat-Boy 17 May 2006 15:52:03 4,300 posts
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    The_Aardvark wrote:

    /casts around for someone to blame.

    School! The bastards!

    I'm still working on how I can blame the banks. Keep the faith, I may come up with something in an hour or so.....

    Edited by Fat Boy at 15:52:17 17-05-2006
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  • Carlo 17 Mar 2020 18:34:51 21,225 posts
    Seen 5 hours ago
    Registered 15 years ago
    Lets bump this sucker up.

    A 3 month mortgage holiday from the chancellor. What does this mean exactly?

    1. You don't pay anything for 3 months, any interest that you should pay is also not applied, so it basically means it's paused.
    2. You don't pay anything for 3 months, any interest that you should pay is added to the principal, so it continues to accumulate interest, meaning you end up owing a bit more.
    3. As either 1, or 2, but your end date remains fixed, so after the 3 months you have 3 months less to finish your mortgage meaning your payments go up a bit as you now have less time to pay it.
    4. As either 1, or 2, but your final payment date is also pushed out by 3 months, so your payments stay the same.

    Or is there some other way this is being done? I missed the speech on the news and curious as I was going to pay mine all off in a couple of weeks, but might just keep the cash in my bank a little longer.
  • challenge_hanukkah 17 Mar 2020 18:36:09 12,663 posts
    Seen 4 hours ago
    Registered 7 years ago
    I wonder if Fat-Boy is still fat.
  • Jono62 17 Mar 2020 18:37:32 24,841 posts
    Seen 6 hours ago
    Registered 12 years ago
    If only they would do the same for renters or at least a reduced rate.
  • ZuluHero 17 Mar 2020 18:40:01 8,655 posts
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    Registered 14 years ago
    @Carlo 4 with 2.
  • Carlo 17 Mar 2020 18:40:59 21,225 posts
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    ZuluHero wrote:
    @Carlo 4 with 2.
    Pfff, they can piss off then.

    Oh and it seems like "3 month mortgage holidays for those who have the virus "

    How the fuck do they get this proof?
  • Graxlar_v3 17 Mar 2020 18:42:15 9,933 posts
    Seen 7 hours ago
    Registered 3 years ago
    Carlo wrote:
    ZuluHero wrote:
    @Carlo 4 with 2.
    Pfff, they can piss off then.

    Oh and it seems like "3 month mortgage holidays for those who have the virus "

    How the fuck do they get this proof?
    You take a test
  • Fake_Blood 17 Mar 2020 18:43:14 10,243 posts
    Seen 51 minutes ago
    Registered 11 years ago
    challenge_hanukkah wrote:
    I wonder if Fat-Boy is still fat.
    He’s not, he just did that Right here right now remix with Greta’s voice mixed in.
  • Carlo 17 Mar 2020 18:43:53 21,225 posts
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    4, with 2, is basically the same as what everyone can have anyway if they lose their job and call the bank up telling them they have trouble.
  • ZuluHero 17 Mar 2020 18:46:37 8,655 posts
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    You can probably opt for interest only for a while.
  • ZuluHero 17 Mar 2020 18:48:40 8,655 posts
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    Basically you can slice it how you want, you could keep your term and pay slightly more, like you said in 3.

    Whatever you choose, they'll keep adding interest. Not seen otherwise yet?
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