The Mortgage Industry

[Bushey Boy]

They act like we do, they will offer no where like 140k mate, more likely 110 - 115

[Matchworn Shirts]

It may be worth a go all the same-nothing ventured nothing gained, but be warned their offers may offend

[magicroundabout]

if i'm not going to get anywhere near the value or even enough to cover my mortgage they can get fooked.

if the mortgage rates weren't so shit i'd buy my ex out and have the house to myself

[janaage]

Guys I'm afraid this has been blown out of all proportion.  Justin Urquart-Stewart was trying to educate the masses this morning about this "crisis" but his words fell on deaf ears.

Northern Rock have a cash flow problem caused by the fact they actually finance mortgage offers on short term contracts (unlike other banks/building societies), the loan from the BOE is not so the company survives, it's just t ashort term loan to gain a bit of liquid cash.

Mortgage customers will probably face a slight increase in interest rate from Northern Rock (although not too steep otherwise NR will become uncompetitive), and savers will be fine too.

Yet again the media get hold of a story and whip it up into a frenzy, they did the same with Property funds in the summer, and with Trust investments previously.  

Chill out people.

[Samdy Gray]

...they did the same with Property funds in the summer...

Ha ha. All the hype about that was hysterical.

We had millions switched from Property into Fixed Interest and Gilts and then fuck all happened.

Stupic media wannabe-economists.

[janaage]

Especially if you knew the reason for the other companies switching pricing strategies, you'd know not to get to worried about it.