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80% => The 4D Q&A forum => Topic started by: donkey on Thursday, July 22, 2021, 10:40:30



Title: Mortgage Advice
Post by: donkey on Thursday, July 22, 2021, 10:40:30
Morning all, Mrs D and I are thinking of moving to a more expensive property. What we'd like to do is just pay interest only, as we will sell up and move to a smaller house in 5-10 years.  We'd be putting in 60-70% equity and when we sell we will pay off the whole loan and use whatever is left to buy our final house.   The reason for the post is, would lenders be ok with this plan or not.  If not, how could we make it work? Cheers in advance.


Title: Re: Mortgage Advice
Post by: Legends-Lounge on Thursday, July 22, 2021, 10:42:44
Morning all, Mrs D and I are thinking of moving to a more expensive property. What we'd like to do is just pay interest only, as we will sell up and move to a smaller house in 5-10 years.  We'd be putting in 60-70% equity and when we sell we will pay off the whole loan and use whatever is left to buy our final house.   The reason for the post is, would lenders be ok with this plan or not.  If not, how could we make it work? Cheers in advance.

I can only assume you’re banking on continuing house price increases? What happens if the market goes into reverse?


Title: Re: Mortgage Advice
Post by: Chunkyhair on Thursday, July 22, 2021, 10:54:42
Morning all, Mrs D and I are thinking of moving to a more expensive property. What we'd like to do is just pay interest only, as we will sell up and move to a smaller house in 5-10 years.  We'd be putting in 60-70% equity and when we sell we will pay off the whole loan and use whatever is left to buy our final house.   The reason for the post is, would lenders be ok with this plan or not.  If not, how could we make it work? Cheers in advance.

From my experience getting interest only mortgage the lenders would be fine with this plan - they just want see a clear sound strategy for paying back the loan, which you have.

That said, 4 years ago when I did it it was pretty hard to actually get IO mortgage, and basically swung on earnings ( much higher needed for IO than capital + interest for some reason). It might have changed now though.

I would suggest having a friendly chat with you current lender as a kick off to see where you stand.

And given the good news comIng out of STFC at the mo, anything is possible, so go for it.


Title: Re: Mortgage Advice
Post by: 4D on Thursday, July 22, 2021, 10:56:40
You should bear in mind all the associated costs of moving, if you are not paying back capital then you'll have to hope prices rise significantly.


Title: Re: Mortgage Advice
Post by: Berniman on Thursday, July 22, 2021, 11:07:46
Samdy is your man


Title: Re: Mortgage Advice
Post by: Legends-Lounge on Thursday, July 22, 2021, 11:09:39
Samdy is your man

Robert Angus?


Title: Re: Mortgage Advice
Post by: Berniman on Thursday, July 22, 2021, 11:39:28
Robert Angus?

 :unsure:


Title: Re: Mortgage Advice
Post by: Batch on Thursday, July 22, 2021, 11:45:59
he's Ben from Peep Show


Title: Re: Mortgage Advice
Post by: Berniman on Thursday, July 22, 2021, 11:51:24
I'm confused and really don't know what is going on..  maybe the heat is finally getting to me/others


Title: Re: Mortgage Advice
Post by: donkey on Thursday, July 22, 2021, 12:00:31
To answer a couple of questions,  we don't have a current lender, as we have paid off the mortgage.  As such,  yes we do eject house prices to go up, but if they don't then we just use some of our equity to pay off the debt where we sell and downsize.  Also, we won't need to move on a set date  so could ride out negative equity if it came to that.


Title: Re: Mortgage Advice
Post by: Samdy Gray on Thursday, July 22, 2021, 15:03:52
Interest only is still possible with some lenders.

If you need some advice donkey, I'm co-owner of a financial advice business and can put you in touch with our mortgage adviser.


Title: Re: Mortgage Advice
Post by: Berniman on Thursday, July 22, 2021, 15:24:39
So just to clear things up, you are not Rob Angus, right?


Title: Re: Mortgage Advice
Post by: donkey on Thursday, July 22, 2021, 15:34:15
Interest only is still possible with some lenders.

If you need some advice donkey, I'm co-owner of a financial advice business and can put you in touch with our mortgage adviser.

Cheers fella.  We're not desparate to move, but if we see something we like we want to know our plan could work. Thanks again.


Title: Re: Mortgage Advice
Post by: RobertT on Thursday, July 22, 2021, 15:38:43
So just to clear things up, you are not Rob Angus, right?

Sam <> Rob Angus.  I think, given the timing, that was a not so subtle reference to the incoming CE, given he also worked for a Building Society and we are talking mortgages.


Title: Re: Mortgage Advice
Post by: Samdy Gray on Thursday, July 22, 2021, 15:44:54
I can confirm I am not the new CEO of Swindon Town F.C.


Title: Re: Mortgage Advice
Post by: Flashheart on Thursday, July 22, 2021, 15:47:50
I can confirm I am not the new CEO of Swindon Town F.C.

Yeah, you would say that though, wouldn't you?


Title: Re: Mortgage Advice
Post by: Hunk on Thursday, July 22, 2021, 15:50:46
I can confirm I am not the new CEO of Swindon Town F.C.

Yet another ITK’r 🙄


Title: Re: Mortgage Advice
Post by: Samdy Gray on Thursday, July 22, 2021, 15:53:18
I might be interested in my namesake's former role though.


Title: Re: Mortgage Advice
Post by: flammableBen on Thursday, July 22, 2021, 21:54:12
Morning all, Mrs D and I are thinking of moving to a more expensive property. What we'd like to do is just pay interest only, as we will sell up and move to a smaller house in 5-10 years.  We'd be putting in 60-70% equity and when we sell we will pay off the whole loan and use whatever is left to buy our final house.   The reason for the post is, would lenders be ok with this plan or not.  If not, how could we make it work? Cheers in advance.

Don't know why but I read "Mrs D" as paulD's wife. Juicey.


Title: Re: Mortgage Advice
Post by: wheretherealredsare on Friday, July 23, 2021, 14:14:44
Are Offset Mortgages still available there?


Title: Re: Mortgage Advice
Post by: Berniman on Friday, July 23, 2021, 14:54:20
I can confirm I am not the new CEO of Swindon Town F.C.

Thanks, you didn't look anything like him last time we met..


Title: Re: Mortgage Advice
Post by: Samdy Gray on Friday, July 23, 2021, 16:34:02
Are Offset Mortgages still available there?

Yes


Title: Re: Mortgage Advice
Post by: Bob's Orange on Thursday, November 3, 2022, 11:33:58
I'm pretty sure the answer to this is yes (and is aimed at Samdy mainly but I know there are plenty of other people that know their shit on here), but our 2 year Fixed Rate is coming to an end in Feb 2023 and we are only able to negotiate a new rate from 1 December. (Probably going to be hiked about 3-4 times the current rate depending on how today's announcement goes)

We're potentially being faced with an increase of somewhere between £300-400 per month looking at online calculations which is clearly crippling. I do potentially have the ability (by raiding longer term investments i.e 'piggy banks') to pay somewhere close to the maximum overpayment in 2022 as well as doing the same in early 2023 which I assume would be beneficial in order to reduce the monthly payments as much as possible? Finally, given the current Interest Rates and the future challenges, when it comes to negotiating, should I be looking at Fixing Rates at 2,3 or 5 years etc?


Title: Re: Mortgage Advice
Post by: Nemo on Thursday, November 3, 2022, 12:42:28
Really tough time to be coming to the end of a mortgage rate, there's really no option that doesn't involve paying significantly more and there's enough uncertainty around that there isn't a clear "right" answer as to what to do next.

The Bank of England projections seem to suggest that they expect a pretty grim 2023 and interest rates to carry on at this rate or there abouts for at least the next 18 months or so. Obviously prior to this last 10 years or so, a 3% base rate isn't historically high, but I think we've all got used to near zero borrowing (and house prices have shot up even further as a result).

https://www.theguardian.com/business/2022/nov/03/bank-of-england-interest-rates-higher-uk-economy - here's the BOE signalling that they don't want to raise rates further, but the markets seems to suggest it may climb further.

Samdy will know better about what the right thing to do is, but I think a shorter term fix (2yrs) is probably better than a 5 at the moment as you'd hope the rates would be stable or on the way back down again in 2 years time. As for overpayments, I think (and maybe this is also wrong) it's simply a case of whether the rate you're getting on investments is higher than you'd pay on the equivalent borrowing from the mortgage. With most (all?) providers, you can pull back overpayments if you suddenly find yourself needing the cash.



Title: Re: Mortgage Advice
Post by: Jimmy HaveHave on Thursday, November 3, 2022, 15:29:06
I can only assume you’re banking on continuing house price increases? What happens if the market goes into reverse?

Too risky for me nearly got fingers burnt with an endowment in the 90's plus house prices could plummet around the time you want/need to sell.


Title: Re: Mortgage Advice
Post by: 4D on Thursday, November 3, 2022, 15:33:20
Base rate up to 3% now


Title: Re: Mortgage Advice
Post by: dalumpimunki on Thursday, November 3, 2022, 17:38:38
I'm pretty sure the answer to this is yes (and is aimed at Samdy mainly but I know there are plenty of other people that know their shit on here), but our 2 year Fixed Rate is coming to an end in Feb 2023 and we are only able to negotiate a new rate from 1 December. (Probably going to be hiked about 3-4 times the current rate depending on how today's announcement goes)

We're potentially being faced with an increase of somewhere between £300-400 per month looking at online calculations which is clearly crippling. I do potentially have the ability (by raiding longer term investments i.e 'piggy banks') to pay somewhere close to the maximum overpayment in 2022 as well as doing the same in early 2023 which I assume would be beneficial in order to reduce the monthly payments as much as possible? Finally, given the current Interest Rates and the future challenges, when it comes to negotiating, should I be looking at Fixing Rates at 2,3 or 5 years etc?


Keep your eyes open over the next couple of months. A lot of the fixed products available at the moment we're out together during the bin fire that was the Liz Truss Premiership during which the BOD was talking about rates having to go up to 6% or more and everyone was totally losing their shit.

Oddly we seem to be going through a period now where BOE base rates are increasing, but a lot of lenders are adjusting rates downwards, because they allowed for this rise and more in their initial reactions, and the Bank are now assuring them that they're not likely to go above 4% base rates in the next 18 months.

In the teeth of the impending recession it feels unlikely the MPC will exceed this over that timescale, even if they continue with their totally fucking spurious  claims that it's an effective tool against inflation. And you have to assume that inflation will peak soonish as the impacts of the energy cost rises have to have had their full impact on prices soon, and then inflation rates will stabilise (as rates are simply the difference in prices of a basket of goods this month compared to this time last year, as soon as the last year's price starts to have been impacted by the Putin factor then rates of inflation will fall).

You are going to take a hit but it's worth looking at a tracker with your existing lender because the rates on these are significantly lower than fixed rates (especially 5 year fixeds) at the moment even allowing for today's rise. But I'd not be making a decision yet because that gap might close over the next couple of months if lenders have confidence in the BOE Chairs assurances.



Title: Re: Mortgage Advice
Post by: Samdy Gray on Thursday, November 3, 2022, 19:55:59
Lumps has pretty much nailed it. The fixed rates available now are artificially high because banks initially panic priced and then started playing a game of wanting to be more expensive than each other so they don't get overwhelmed with applications.

My own deal ends in March and I'll be taking a tracker deal. Most lenders have relaxed their rules and will let you do that 6 months early so it's worth checking now BO if you haven't already. You can opt to move onto the new deal after the current one ends, not straight away, so you get the benefit of a few more months at your current cheaper rate.

I've been keeping an eye on SONIA forecasts which are basically a proxy for BoE base rate. After the clusterfuck of a mini-budget it was peaking at 5.9% next July, but it's fallen back to a peak of 4.8% now. As Lumps said, once this inflation works it's way out of the system then there will be pressure to reduce the BoE rate quickly.

It might get a little bit painful in the short term, but I reckon a tracker will be the best option until things settle rather than locking into a guaranteed high rate for 2, 3 or 5 years. It's telling that that the cheapest fixed rates are 10 year deals, usually you have to pay a premium for that peace of mind.

A note on tracker products - make sure the basis for tracking is the BoE base rate and not the lender's own SVR. With the latter, a lender can choose to note pass on base rate reductions and some have even been known to increase their SVR when base rates have been falling!

Given that today's BoE increase and at least the next few are already 'baked in' to current fixed rate products, there could be some more competition in the next few months and banks could start to reduce rates again once they have a bit more certainty and know they're not going to get swamped with applications.

In terms of paying off a chunk, Nemo has it right, in simple terms if you're paying more interest on your mortgage than you're earning on your investments it makes mathematical sense to pay down debt. But then there's the lost opportunity cost of having that money available in the future, so really it comes down to personal circumstances and choice.


Title: Re: Mortgage Advice
Post by: Legends-Lounge on Thursday, November 3, 2022, 21:01:09
I’m in the skool of I don’t give a fuck about mortgage rates. Selfish? No, not at all. I’ve paid like others 15%-16% before black Wednesday. Made sacrifices to pay each months payment. Not had holidays, didn’t go out on the piss and eating out. Did things on the cheap if I had to. I was still better off than our parents who had less beans to play with than Jack did with after selling his cow on the way to market.

Today’s generation live beyond their means and have to many trivial ‘essential’ things to spend money on and no financial discipline. Of course my observations are a generalisation but compared to my parents I’m minted. I don’t see it like that but I am like many of my peers much better off. The rub is it has taken to nearly retirement to achieve this. The younger generation see people as coffin dodgers and a drain on resources, of course they do, why wouldn’t they? Until they themselves become aged old coffin dodgers.

There is no such thing as a free lunch.

I’d like to thank my old bank manager at the former HSBC in old town for my repayment tracker based mortgage @ 1% above base.

It’s a tough world out there folks. Overtime and second jobs are nothing new. Been there, done that and worn the tee shirt.


Title: Re: Mortgage Advice
Post by: Jimmy HaveHave on Thursday, November 3, 2022, 21:04:00
Exactly that and also remember paying 14.5% interest rate in the early 90's and working seven days a week.


Title: Re: Mortgage Advice
Post by: Moss on Thursday, November 3, 2022, 21:09:25
I managed to nail down a 3.4% 5 year fixed rate just before the shit show kicked off. Feel really sorry for people who have maxed out on mortgages - who effectively  had no choice but todo so  as house prices are so artificially inflated.

I expect house prices to drop significantly which can only be a good thing for a sustainable country. Our society is fucked due to house prices and public sector workers not being able to afford to live in cities, and maybe this will help in the long term. 


Title: Re: Mortgage Advice
Post by: Moss on Thursday, November 3, 2022, 21:10:16
Exactly that and also remember paying 14.5% interest rate in the early 90's and working seven days a week.

Did you live in a fucking shoe box as well  ::)


Title: Re: Mortgage Advice
Post by: Nemo on Thursday, November 3, 2022, 21:10:35
In the early 90s, the average house cost around 3x the average earnings. Now it's about 7x across the country, rising to 11x in London. So the interest rate you're remembering paying was on less than half the total borrowing. It was also a national catastrophe.

I don't know, I try not to bite on here, but LL, I just... wish you weren't quite so unpleasant all the time for no reason.


Title: Re: Mortgage Advice
Post by: Bedford Red on Thursday, November 3, 2022, 21:12:43
I'm very grateful i fixed at the start of the year at 2.24% with Lloyds until April 2027, so i have some breathing space until then, and hopefully things will be more settled come that time.


Title: Re: Mortgage Advice
Post by: Legends-Lounge on Thursday, November 3, 2022, 21:53:43
Did you live in a fucking shoe box as well  ::)

Probably, we all did when we started our journey into homeownership.


Title: Re: Mortgage Advice
Post by: Legends-Lounge on Thursday, November 3, 2022, 22:07:55
I managed to nail down a 3.4% 5 year fixed rate just before the shit show kicked off. Feel really sorry for people who have maxed out on mortgages - who effectively  had no choice but todo so  as house prices are so artificially inflated.

I expect house prices to drop significantly which can only be a good thing for a sustainable country. Our society is fucked due to house prices and public sector workers not being able to afford to live in cities, and maybe this will help in the long term. 

Stop whinging about public sector workers. That is all we non government paid workers ever hear about. NHS this, council workers that. Fucking sick to death of it. Millions more pay for them and don’t get a fucking sniff of a mention. We’re all important in the grand scheme of society. My eldest couldn’t afford to work in London after graduating and spending three years fighting a tide of expense until he saw sense and came back to Swindon. Earning slightly less but significantly better off.


Title: Re: Mortgage Advice
Post by: Posh Red on Thursday, November 3, 2022, 22:17:04
In the early 90s, the average house cost around 3x the average earnings. Now it's about 7x across the country, rising to 11x in London. So the interest rate you're remembering paying was on less than half the total borrowing. It was also a national catastrophe.

I don't know, I try not to bite on here, but LL, I just... wish you weren't quite so unpleasant all the time for no reason.

You could argue that the massive house prices we now have, in part, been driven by the really low interest rates we’ve had for years now. If people couldn’t afford to borrow so much then houses wouldn’t sell for so much.

My son is 26 and is just about to buy his first house, which is about 4x as much as we paid for our first house in 1988, however his salary is about 4x what mine was then.  The main difference is that he has to come up with a massive deposit to do so, whereas we got a near 100% mortgage.


Title: Re: Mortgage Advice
Post by: Moss on Friday, November 4, 2022, 08:28:33
Stop whinging about public sector workers. That is all we non government paid workers ever hear about. NHS this, council workers that. Fucking sick to death of it. Millions more pay for them and don’t get a fucking sniff of a mention. We’re all important in the grand scheme of society. My eldest couldn’t afford to work in London after graduating and spending three years fighting a tide of expense until he saw sense and came back to Swindon. Earning slightly less but significantly better off.

I hope you remember that when you are lying in your own filth waiting for a care worker to turn up - what an odious cunt you are.


Title: Re: Mortgage Advice
Post by: Abrahammer on Friday, November 4, 2022, 08:48:23
Didn’t know LL had kids, should have mentioned it before
Stop whinging about public sector workers. That is all we non government paid workers ever hear about.

Maybe you should listen to their legitimate concerns then?

Public sector workers are clearly underpaid. As Moss said, one day you might need them more than you realise now.

Oh and you have kids, we get it


Title: Re: Mortgage Advice
Post by: Batch on Friday, November 4, 2022, 08:56:09
LL is right.

Everyone loves the jeopardy in seeing if a 999 call ambulance will be a single or double digit hours wait.

The issue is of course funding and the wind down of services over the last decade or so. The workers work hard in the front line.
 
Wages are part of that. Pay people too little and they'll take the advice "to stop whining and get a better job".

In general I don't mind paying more to get more if I'm able to do so. But these are extraordinary times with energy, inflation and interest rates . Even the middle are getting squeezed.


Title: Re: Mortgage Advice
Post by: Posh Red on Friday, November 4, 2022, 08:56:11
Stop whinging about public sector workers. That is all we non government paid workers ever hear about. NHS this, council workers that. Fucking sick to death of it. Millions more pay for them and don’t get a fucking sniff of a mention. We’re all important in the grand scheme of society. My eldest couldn’t afford to work in London after graduating and spending three years fighting a tide of expense until he saw sense and came back to Swindon. Earning slightly less but significantly better off.

Trying to work out if you are a troll or a fucking idiot


Title: Re: Mortgage Advice
Post by: 4D on Friday, November 4, 2022, 09:02:23
Average pay for public sector workers is 12% higher than the private sector, according to this......

https://commonslibrary.parliament.uk/research-briefings/cbp-8037/


Title: Re: Mortgage Advice
Post by: Bob's Orange on Friday, November 4, 2022, 09:40:55
Some really interesting replies! Many thanks to those that provided really useful information, has definitely given food for thought. 


Title: Re: Mortgage Advice
Post by: The Artist Formerly Known as Audrey on Friday, November 4, 2022, 09:46:11
I’m definitely going to rent when we move back.

Wait for the crash and then buy.

I know it’s shit for millions but for a handful it’s actually going our way for once.


Title: Re: Mortgage Advice
Post by: 4D on Friday, November 4, 2022, 10:52:08
Except you will be hit with high rent costs and no equity.


Title: Re: Mortgage Advice
Post by: RobertT on Friday, November 4, 2022, 11:26:10
Average pay for public sector workers is 12% higher than the private sector, according to this......

https://commonslibrary.parliament.uk/research-briefings/cbp-8037/

You would hope it was higher, given they include the Emergency Services and roles essential for the orderly continuation of society - the way we like it.


Title: Re: Mortgage Advice
Post by: The Artist Formerly Known as Audrey on Friday, November 4, 2022, 11:45:13
Except you will be hit with high rent costs and no equity.
Equity isn’t that important at my age! Anyway, there’s no equity to have in a falling market.


Title: Re: Mortgage Advice
Post by: Jimmy HaveHave on Friday, November 4, 2022, 12:12:10
If you rent you rent you will need to find a decent accountant as the money you get for yours will quickly go over the £1000 savings tax free allowance.


Title: Re: Mortgage Advice
Post by: TheDukeOfBanbury on Friday, November 4, 2022, 12:12:20
I genuinely feel for those people irrespective on how they entered the housing market. We have been living for a very long time in an era of low, flat interest rates. This should not be a surprise to anyone and a case of when not why.
The housing market is way over valued.

This will place more people in the poverty bracket, only knows what is ahead of us but no time to gloat or dismiss the worry for so many.
It’s shit no matter what angle you approach this from.


Title: Re: Mortgage Advice
Post by: The Artist Formerly Known as Audrey on Friday, November 4, 2022, 12:17:21
If you rent you rent you will need to find a decent accountant as the money you get for yours will quickly go over the £1000 savings tax free allowance.
I suppose that depends on where I put the money from the sale of my house here in Greece until I need it.


Title: Re: Mortgage Advice
Post by: TheDukeOfBanbury on Friday, November 4, 2022, 12:18:38
If you rent you rent you will need to find a decent accountant as the money you get for yours will quickly go over the £1000 savings tax free allowance.

It’s a mess from what ever angle you look at it.
Just lucky I don’t have a Mortgage now and early settled in July as had wind this was coming plus a big slice of luck.
Just need to come to terms that both my kids will more than likely be stuck here for a considerable time.



Title: Re: Mortgage Advice
Post by: Jimmy HaveHave on Friday, November 4, 2022, 12:19:20
I suppose that depends on where I put the money from the sale of my house here in Greece until I need it.

It would certainly need thinking about


Title: Re: Mortgage Advice
Post by: Posh Red on Friday, November 4, 2022, 12:19:57
I’m definitely going to rent when we move back.

Wait for the crash and then buy.

I know it’s shit for millions but for a handful it’s actually going our way for once.

To be fair we’ve been hearing about the housing market crash for the last 30+years, so I wouldn’t hold your breath. It has dropped a few times but unless there’s a major change in peoples desires & expectations it always recovers.

That said, if you are a bit older & are unlikely to get to s point where you are mortgage free there’s not a lot to be gained (for you) buying at the moment


Title: Re: Mortgage Advice
Post by: Jimmy HaveHave on Friday, November 4, 2022, 12:24:40
It’s a mess from what ever angle you look at it.
Just lucky I don’t have a Mortgage now and early settled in July as had wind this was coming plus a big slice of luck.
Just need to come to terms that both my kids will more than likely be stuck here for a considerable time.



Same here Duke, I was fortunate to pay off the mortgage a few years ago but feel for the younger generation but definitely had things tough throughout the 90's


Title: Re: Mortgage Advice
Post by: Samdy Gray on Friday, November 4, 2022, 13:34:19
This will place more people in the poverty bracket, only knows what is ahead of us but no time to gloat or dismiss the worry for so many.
It’s shit no matter what angle you approach this from.

This is true, but I think the recent posts were more aimed at LL and JQ's "it was worse in my day" quips.

These are completely different times. The 80s were forty years ago chaps. The world's changed.


Title: Re: Mortgage Advice
Post by: Jimmy HaveHave on Friday, November 4, 2022, 13:44:48
This is true, but I think the recent posts were more aimed at LL and JQ's "it was worse in my day" quips.

These are completely different times. The 80s were forty years ago chaps. The world's changed.

I never said it was worse only that I had it tough during that period.


Title: Re: Mortgage Advice
Post by: TheDukeOfBanbury on Friday, November 4, 2022, 13:51:35
This is true, but I think the recent posts were more aimed at LL and JQ's "it was worse in my day" quips.

These are completely different times. The 80s were forty years ago chaps. The world's changed.

To be honest Mate it feels it has always been tough.
Pressure of work, paying bills, just general pressures of life. Without doubt mind it genuinely feels tougher as I have got older but I am putting that down to extra responsibility.

I am coming down to land now, just hopefully can land and enjoy a few years out of this fucking rat race. I have been lucky, some say you make your own luck, but the big decisions I have made in my life have generally been the right ones.
Without doubt though like most have made sacrifices.


Title: Re: Mortgage Advice
Post by: Legends-Lounge on Friday, November 4, 2022, 14:47:17
Trying to work out if you are a troll or a fucking idiot

I’ve got you down as a nasty cunt while you make your childish mind up.


Title: Re: Mortgage Advice
Post by: Legends-Lounge on Friday, November 4, 2022, 14:48:28
I hope you remember that when you are lying in your own filth waiting for a care worker to turn up - what an odious cunt you are.

Is that so you twat


Title: Re: Mortgage Advice
Post by: Legends-Lounge on Friday, November 4, 2022, 14:50:47
Didn’t know LL had kids, should have mentioned it before
Maybe you should listen to their legitimate concerns then?

Public sector workers are clearly underpaid. As Moss said, one day you might need them more than you realise now.

Oh and you have kids, we get it

I do listen and read interestingly enough. That’s why I’m sick to the back teeth. Seems that the country only employs public sector workers while everyone else can seemingly fuck off.


Title: Re: Mortgage Advice
Post by: Legends-Lounge on Friday, November 4, 2022, 14:55:11
LL is right.

Everyone loves the jeopardy in seeing if a 999 call ambulance will be a single or double digit hours wait.

The issue is of course funding and the wind down of services over the last decade or so. The workers work hard in the front line.
 
Wages are part of that. Pay people too little and they'll take the advice "to stop whining and get a better job".

In general I don't mind paying more to get more if I'm able to do so. But these are extraordinary times with energy, inflation and interest rates . Even the middle are getting squeezed.

No one likes to see people struggle, including me would believe? There’s an element of crying wolf and not understanding that you can’t have it all when you start out. Would be nice not to in an ideal world but it does not work like that, never has and never will.

The situation wouldn’t be anywhere near as bad as it is if Putin hadn’t decided to go out in a blaze of glory.


Title: Re: Mortgage Advice
Post by: Nemo on Friday, November 4, 2022, 14:58:40
I don't really understand what you gain from just lashing out all the time on here. I hope you're not as unhappy in real life as you come across. There are interesting points to discuss in there, but you seem more interested in being aggressively oppositional for the sake of it.


Title: Re: Mortgage Advice
Post by: Moss on Friday, November 4, 2022, 17:06:24
I do listen and read interestingly enough. That’s why I’m sick to the back teeth. Seems that the country only employs public sector workers while everyone else can seemingly fuck off.

The whole point I was making is that nurses and doctors too in many places cannot afford to live in cities. Its the same for Fire staff and Police too. So you don't like the public sector, so you can manage without Police, Fire, NHS, teachers, Armed Forces, Public Health, Universities. We'd all be doing really well without them after the pandemic wouldn't we? Senile old cunt.

 


Title: Re: Mortgage Advice
Post by: Posh Red on Friday, November 4, 2022, 17:10:56
I’ve got you down as a nasty cunt while you make your childish mind up.

So not a troll then, had a feeling that with the spiteful bile you like to spout that may be the case.


Title: Re: Mortgage Advice
Post by: Robinz on Friday, November 4, 2022, 17:46:32
Guy's
Surely this conversation is getting somewhat out of control.
Fact is that we all live in an under paid society. This is the case whether you are working in the public or private sector.
If you are working for Pounds(hours only) you will never get ahead financially.
Suggest every one becomes a LandlordMoney lender or better still a Pawn broker and then  you will become a really big f+cking asshole. Untill then enjoy the simple and good things in life and understand their are c+nts far higher up the feeding Chain pulling your strings
 Stay well COYMRs


Title: Re: Mortgage Advice
Post by: Robinz on Friday, November 4, 2022, 18:28:13
Also
In reply to LLs last part of your message.
Your comment re Putin and would not be as bad if he had not wanted to go out in a blaze of glory.
Do you really not consider he was not set up big time. Either by America or just fate
Bet he thought all his Christmases had come at once
USA running from Afghanistan
The West trying to recover from Covid
Boris was under fire with Brexit
Europe having possible separation issues
New leader in Germany
Macron was as Macron is
The then comedian in charge in the Ukraine
China offering unconditional support.
Russian financial position very strong.
The western world and especially Europe relying on my fossil fuels

What on earth could go wrong.
Roll on 9 months and what a balls up.




Title: Re: Mortgage Advice
Post by: TheDukeOfBanbury on Friday, November 4, 2022, 18:58:51
Guy's
Surely this conversation is getting somewhat out of control.
Fact is that we all live in an under paid society. This is the case whether you are working in the public or private sector.
If you are working for Pounds(hours only) you will never get ahead financially.
Suggest every one becomes a LandlordMoney lender or better still a Pawn broker and then  you will become a really big f+cking asshole. Untill then enjoy the simple and good things in life and understand their are c+nts far higher up the feeding Chain pulling your strings
 Stay well COYMRs

indeed some venom gets spouted on this forum.


Title: Re: Mortgage Advice
Post by: dalumpimunki on Friday, November 4, 2022, 19:31:36
Average pay for public sector workers is 12% higher than the private sector, according to this......

https://commonslibrary.parliament.uk/research-briefings/cbp-8037/


That's because after the last 30 years of outsourcing anything you possibly can, all the low paid staff delivering public services now sit in the private sector.

Bin men, cleaners, catering staff, maintenance a lot of hospital porters since PFI, social car providers. It means the public sector payroll now  has a higher proportion of professionals than it used to.

Our wages haven't soared over the last few decades it's cutting out the lowest paid staff and shunting them into the private sector that's upped the average.

When you compare professional groups, private sector pay is generally higher. Lawyers working in local authorities don't earn what those in practice do, same for accountants, and of course doctors. And I got a 30% bump in salary when I spent a few years in the private sector as a consultant.

And before some public sector hating twat starts banging on about our supposedly gold plated final salary pensions I have news ...... Final salary went a decade ago. It's still a good pension scheme in comparison to most private sectors company pensions, but the idea that all public sector workers are quids in on retirement doesn't stick up.

I'm really only prepared to listen to moans about pensions from people who:
- Joined a pension scheme at 20ish like I did
- Have been paying in ever since at a decent rate (11.6% of gross salary as you ask)
- Have been a union member whist in work (public sector pensions didn't get handed to us they were fought for, we've got them because we're way more unionised than the private sector)that's

People like my partner's brother that spent 20 minutes chewing my ear that he didn't know if he could ever retire because he didn't have the luxury of tax payers funding his pension, and then admitted that throughout his years of employment and self employment he'd never put aside a penny for his retirement can fuck right off.


Title: Re: Mortgage Advice
Post by: 4D on Friday, November 4, 2022, 21:56:10
Are you a copper?


Title: Re: Mortgage Advice
Post by: dalumpimunki on Friday, November 4, 2022, 21:59:24
Are you a copper?

No I've worked in the NHS for most of the last 30 odd years.


Title: Re: Mortgage Advice
Post by: Legends-Lounge on Friday, November 4, 2022, 22:33:17
Also
In reply to LLs last part of your message.
Your comment re Putin and would not be as bad if he had not wanted to go out in a blaze of glory.
Do you really not consider he was not set up big time. Either by America or just fate
Bet he thought all his Christmases had come at once
USA running from Afghanistan
The West trying to recover from Covid
Boris was under fire with Brexit
Europe having possible separation issues
New leader in Germany
Macron was as Macron is
The then comedian in charge in the Ukraine
China offering unconditional support.
Russian financial position very strong.
The western world and especially Europe relying on my fossil fuels

What on earth could go wrong.
Roll on 9 months and what a balls up.




No, I don’t believe for one moment Putin was set up. The Ukraine situation was planned years ago. It’s strategic positioning suited this despots objectives and world events have conspired to make him think all would be fine and dandy. Excepts it’s not. The west has supported the Ukraine indirectly and in a way that the very clever Russians cannot 100% pin anything on, oh they’ll use all their propaganda tools to do so but the net result is nil, zero, zilch, nada. The Russians default is to deny everything and throw counter accusations around to deflect anything legitimate incoming in their direction.

Despots and bullies have to be stood up against, something Putin hadn’t gambled on. It’s all smoke ans mirrors and falling around his ears. Bit of luck he’ll be dead soon. The trouble is who will replace him. The average Russian deserve much better.


Title: Re: Mortgage Advice
Post by: Robinz on Saturday, November 5, 2022, 00:18:25
LL
 With experience I have sometimes be careful of what you wish for as with hoping Putin's death.
There might just be someone worse.
That said, in my previous message i purposely questioned was it the Americans or simply fate !!
The correct facts on what has happened here has not been seen yet and most likely never will.
Rest assured who ever wins (if anyone) will say they were right and it was worth every death and heartache that it caused.
Please let's move on and look forward to tomorrow morning at 2 am Auckland time hoping Swindon win
COYMRs





Title: Re: Mortgage Advice
Post by: Legends-Lounge on Saturday, November 5, 2022, 06:02:30
LL
 With experience I have sometimes be careful of what you wish for as with hoping Putin's death.
There might just be someone worse.
That said, in my previous message i purposely questioned was it the Americans or simply fate !!
The correct facts on what has happened here has not been seen yet and most likely never will.
Rest assured who ever wins (if anyone) will say they were right and it was worth every death and heartache that it caused.
Please let's move on and look forward to tomorrow morning at 2 am Auckland time hoping Swindon win
COYMRs





Yes of course there might be someone worse. You’re overlooking the obvious outlook that he won’t live forever anyway. So whether he’s nobbled internally in the very near term or lives out another 10 years, someone else is going to fancy a crack at being top dog. We just have to hope that the new regime is more open to real democracy and putting the people first. I wouldn’t bank on it though.