BobyBrno Posted November 3, 2022 Share Posted November 3, 2022 33 minutes ago, Casino said: It was tough but 15% on 40k mortgage sounds less shitty than a doubling in rates on 200k, for example It’s all relative. We’ve been in the same house for 32 years. Bought it off plan and went up to our maximum at 10% in June 89. Moved in on Jan 1st 90. Within a couple of months it was 15%. Tough times. We got through it but was in debt for years after. I know people who ‘handed their keys back’ to the mortgage providers due to negative equity. It’s a while since I took out a mortgage (I used to have two🤷♂️) but there used to be a warning that interest rates could go up as well as down. Nothing is certain. Quote Link to comment Share on other sites More sharing options...
Site Supporter Spider Posted November 3, 2022 Site Supporter Share Posted November 3, 2022 I’ve got a mortgage but would never have dreamt of getting one beyond my means. As it happens I could manage if rates went past 15% but that’s not really the point. The bigger picture is that it has knock on effects all over society and most people end up feeling it. I’m alright Jack, but I wouldn’t dream of being a wanker about it. Peasants can’t always help being peasants. #bekind Quote Link to comment Share on other sites More sharing options...
Moderators Casino Posted November 3, 2022 Moderators Share Posted November 3, 2022 @BobyBrnoTheres still a warning, as you well know But lets say miss casino is listening to the warnings, but nobody else is, wtf is she supposed to do as lenders lend more and house prices rocket As it is, shes waiting for a nice crash Quote Link to comment Share on other sites More sharing options...
BobyBrno Posted November 3, 2022 Share Posted November 3, 2022 6 minutes ago, Casino said: @BobyBrnoTheres still a warning, as you well know But lets say miss casino is listening to the warnings, but nobody else is, wtf is she supposed to do as lenders lend more and house prices rocket As it is, shes waiting for a nice crash I’m not a mortgage advisor but….. if you think Labour will get in, tell her to rent😊 Quote Link to comment Share on other sites More sharing options...
globaldiver Posted November 3, 2022 Share Posted November 3, 2022 2 hours ago, Casino said: All our bank money is with nat west We have been with em forever and no mortgage Should we be moving to maximise savings interest? yes. Look at Martin Lewis’s for best easy access rates, most likely on the way to 3.25%. First £1,000 a year each is tax free. Don’t use Cash ISAs until you get to use the tax free allowance. Call if needed. Quote Link to comment Share on other sites More sharing options...
Site Supporter Spider Posted November 3, 2022 Site Supporter Share Posted November 3, 2022 There’ll be no objections from savers and Tory voters if Hunt introduces extra taxes on capital gains and savings etc? Everyone happy to play their part I assume? Quote Link to comment Share on other sites More sharing options...
little whitt Posted November 4, 2022 Share Posted November 4, 2022 9 hours ago, BobyBrno said: It’s all relative. We’ve been in the same house for 32 years. Bought it off plan and went up to our maximum at 10% in June 89. Moved in on Jan 1st 90. Within a couple of months it was 15%. Tough times. We got through it but was in debt for years after. I know people who ‘handed their keys back’ to the mortgage providers due to negative equity. It’s a while since I took out a mortgage (I used to have two🤷♂️) but there used to be a warning that interest rates could go up as well as down. Nothing is certain. Got my first house at 19 in 1990 for £26k Mortgage was 14% lent £24k with the Leeds Mortgage Bloke who sorted it was a Doddy Bastard tryed to get me on a fixed Rate of only 10% but for the full 25 years the CUNT Quote Link to comment Share on other sites More sharing options...
globaldiver Posted November 4, 2022 Share Posted November 4, 2022 8 hours ago, Spider said: There’ll be no objections from savers and Tory voters if Hunt introduces extra taxes on capital gains and savings etc? Everyone happy to play their part I assume? Increasing tax on gains is particularly self defeating; people would just trade less, reducing the tax take. Quote Link to comment Share on other sites More sharing options...
Site Supporter Spider Posted November 4, 2022 Site Supporter Share Posted November 4, 2022 6 minutes ago, globaldiver said: Increasing tax on gains is particularly self defeating; people would just trade less, reducing the tax take. You won’t like Hunt’s proposals then. Chris Green might be shifting uncomfortably on his seat if he reads that 🥴 Quote Link to comment Share on other sites More sharing options...
globaldiver Posted November 4, 2022 Share Posted November 4, 2022 2 minutes ago, Spider said: You won’t like Hunt’s proposals then. Chris Green might be shifting uncomfortably on his seat if he reads that 🥴 Won’t bother me, unless….. Quote Link to comment Share on other sites More sharing options...
Duck Egg Posted November 4, 2022 Share Posted November 4, 2022 1 hour ago, little whitt said: Got my first house at 19 in 1990 for £26k Mortgage was 14% lent £24k with the Leeds Mortgage Bloke who sorted it was a Doddy Bastard tryed to get me on a fixed Rate of only 10% but for the full 25 years the CUNT Quote Link to comment Share on other sites More sharing options...
Site Supporter Spider Posted November 4, 2022 Site Supporter Share Posted November 4, 2022 Just now, globaldiver said: Won’t bother me, unless….. It’s more a case that the masses still working their way through life that will be a concern for marginal Tory MP’s… Quote Link to comment Share on other sites More sharing options...
globaldiver Posted November 4, 2022 Share Posted November 4, 2022 No doubt a plan to tax electric cars will be rolled out Quote Link to comment Share on other sites More sharing options...
Site Supporter Spider Posted November 4, 2022 Site Supporter Share Posted November 4, 2022 1 minute ago, globaldiver said: No doubt a plan to tax electric cars will be rolled out Unfortunately I think you’re correct. Which will slow down the amount being purchased as people return to petrol/diesel. The windfall tax on energy companies, which even the energy companies have indicated would be a good idea, Wont happen. Which is obscene. The money that would generate could fill the fiscal gap in a heartbeat. But, the philosophy is what it is. Quote Link to comment Share on other sites More sharing options...
globaldiver Posted November 4, 2022 Share Posted November 4, 2022 13 minutes ago, Spider said: Unfortunately I think you’re correct. Which will slow down the amount being purchased as people return to petrol/diesel. The windfall tax on energy companies, which even the energy companies have indicated would be a good idea, Wont happen. Which is obscene. The money that would generate could fill the fiscal gap in a heartbeat. But, the philosophy is what it is. How much would an additional windfall tax raise? Quote Link to comment Share on other sites More sharing options...
Site Supporter Spider Posted November 4, 2022 Site Supporter Share Posted November 4, 2022 18 minutes ago, globaldiver said: How much would an additional windfall tax raise? About £20billion. Quote Link to comment Share on other sites More sharing options...
globaldiver Posted November 4, 2022 Share Posted November 4, 2022 Rumour that main residence might not be exempt from CGT Quote Link to comment Share on other sites More sharing options...
Site Supporter Spider Posted November 4, 2022 Site Supporter Share Posted November 4, 2022 20 minutes ago, globaldiver said: Rumour that main residence might not be exempt from CGT How much would that raise? Quote Link to comment Share on other sites More sharing options...
globaldiver Posted November 4, 2022 Share Posted November 4, 2022 (edited) 17 minutes ago, Spider said: How much would that raise? We’ll, it depends on how many houses are sold. I guess that the market would grind to a halt, so instead of the quoted 28bn, it might amount to 10/6 Edited November 4, 2022 by globaldiver Quote Link to comment Share on other sites More sharing options...
jayjayoghani Posted November 4, 2022 Share Posted November 4, 2022 Even rich fuckers should have main home CGT exempt. 2nd homes etc on the other hand should be taxed to the hilt. Quote Link to comment Share on other sites More sharing options...
Site Supporter barryk32 Posted November 4, 2022 Site Supporter Share Posted November 4, 2022 The interest ratesa are absolutley fucking me at the minute. People are having mortgage offers revoked and are too scared to move at the minute. It means I made £32.50 today to go with the £20.00 I made yesterday and the £30.00 I've got in tomorrow. As it happens next week looks ok to be fair but this week has been awful. Quote Link to comment Share on other sites More sharing options...
Site Supporter Tonge moor green jacket Posted November 4, 2022 Site Supporter Share Posted November 4, 2022 3 hours ago, Spider said: Unfortunately I think you’re correct. Which will slow down the amount being purchased as people return to petrol/diesel. The windfall tax on energy companies, which even the energy companies have indicated would be a good idea, Wont happen. Which is obscene. The money that would generate could fill the fiscal gap in a heartbeat. But, the philosophy is what it is. People won't return to fuelled cars. They're going to be banned as you know, manufacturers stopping production etc, and fuel is still expensive. Even with road tax on, they will still be much cheaper to run and service. Very soon battery technology is also going to increase charging capacity, frequency and reduce weight too. Diesel is choking its final few breaths at the moment (in terms of cars) with a price differential of around 25p per litre. Quote Link to comment Share on other sites More sharing options...
Site Supporter Spider Posted November 4, 2022 Site Supporter Share Posted November 4, 2022 #TeamHunt Quote Link to comment Share on other sites More sharing options...
Sweep Posted November 4, 2022 Share Posted November 4, 2022 3 hours ago, globaldiver said: No doubt a plan to tax electric cars will be rolled out That's obviously going to happen, it's an easy way to get money in Quote Link to comment Share on other sites More sharing options...
royal white Posted November 4, 2022 Share Posted November 4, 2022 It’s estimated 687 million was spent on Halloween this year. What cost of living crisis. Quote Link to comment Share on other sites More sharing options...
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