tag:blogger.com,1999:blog-22202011.post5735287672615371884..comments2023-12-11T08:49:46.305+00:00Comments on Dizzy Thinks: What's all the fuss about Nationwide?Unknownnoreply@blogger.comBlogger12125tag:blogger.com,1999:blog-22202011.post-48482346452387225312009-01-07T10:15:00.000+00:002009-01-07T10:15:00.000+00:00The Government messes with contracts at its peril....The Government messes with contracts at its peril.<BR/><BR/>It is, however, typical of the Brown delusion and Authoritarian thinking in general - it wants to be "the daddy" that everyone has to get permission from or be beholden to.Roger Thornhillhttps://www.blogger.com/profile/03591327286533118901noreply@blogger.comtag:blogger.com,1999:blog-22202011.post-84565808425877411152009-01-03T13:49:00.000+00:002009-01-03T13:49:00.000+00:00Careful Dizzy! Any more of this and soon you'll be...Careful Dizzy! Any more of this and soon you'll be suggesting that people should accept responsibility for their actions!Windsor Tripehoundhttps://www.blogger.com/profile/16923036087016324862noreply@blogger.comtag:blogger.com,1999:blog-22202011.post-58861411383477746892009-01-03T08:29:00.000+00:002009-01-03T08:29:00.000+00:00Nationwide's still a mutual so it is hard for the ...Nationwide's still a mutual so it is hard for the Chancellor to nationalise it or to have the FSA shut it down - he'd be directly expropriating millions of voters. The B/S wants to be able to keep savings rates up for its depositors, which is only going to strengthen it in the longer term.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-22202011.post-70321641480859042422009-01-02T16:16:00.000+00:002009-01-02T16:16:00.000+00:00My mortgage with Nationwide guarantees a rate of 0...My mortgage with Nationwide guarantees a rate of 0.1% above BofE base rate. This thing about the rate they charge me not going below 2% must be in the small print somewhere, but I can cope with a 2% mortgage, and while interest rates for savers are lower than inflation, I can take advantage of the Nationwide's "pay up to £1500 a month extra off your mortgage without a penalty" offer.<BR/><BR/>(I was very, very lucky with the deal I got!)Ttonyhttps://www.blogger.com/profile/15185875893212146794noreply@blogger.comtag:blogger.com,1999:blog-22202011.post-86102578783024979292009-01-02T13:47:00.000+00:002009-01-02T13:47:00.000+00:00In order to lend, Nationwide has to attract savers...In order to lend, Nationwide has to attract savers and investors. Shock horror, they will want to see some interest on their money. So when Nationwide runs its mortgate lending figures, the rates it charges will have to be more than the rates it gives. What is more the interest rates it offers will have to parallel other comparable rates in the market. More shock horror, this is the way the system works. How dreadfully inconvenient for government ministers with their several properties, and other property based investments in their "blind trusts" we are not allowed to know anything about. Privacy, and all that, don't you know? A privilege that I and the other peasants do not have.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-22202011.post-64393504553083922792009-01-02T11:55:00.000+00:002009-01-02T11:55:00.000+00:00I note that the chancellor has not seen fit to red...I note that the chancellor has not seen fit to reduce the Inland Revenue <A HREF="http://www.hmrc.gov.uk/rates/interest-beneficial.htm" REL="nofollow">Beneficial loan arrangements - Official rate</A>, the only mortgage rate over which he has <I>direct</I> control.<BR/><BR/>If you have an employer mortgage - rare but by no means unknown - and your employer charges <B>less than 6.25%</B> then the mortgage is treated as a taxable benefit in kind. Breathtaking double standards even for NuLabour.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-22202011.post-68183830335999062372009-01-02T11:00:00.000+00:002009-01-02T11:00:00.000+00:00Please don't use the phrase "pass on" in the ludic...Please don't use the phrase "pass on" in the ludicrous fashion that the Labour spin-machine employs it.<BR/><BR/>Banks and building societies do not borrow at the base rate. There is, therefore, no base rate cut to "pass on".<BR/><BR/>LIBOR is far more relevant.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-22202011.post-81607563639072771082009-01-02T10:31:00.000+00:002009-01-02T10:31:00.000+00:00And of course to achieve further cuts the Nationwi...And of course to achieve further cuts the Nationwide would have to start paying negative interest to its savers, which obviously ain't gonna happen.Curmudgeonhttps://www.blogger.com/profile/02558747878308766840noreply@blogger.comtag:blogger.com,1999:blog-22202011.post-10026384872532543762009-01-02T10:15:00.000+00:002009-01-02T10:15:00.000+00:00My mortgage won't go below 5% should I go crying t...My mortgage won't go below 5% should I go crying to the government? No, because it was a contract I entered into and I am very happy with it. Why do people expect everything for free?Old BEhttps://www.blogger.com/profile/06974090439936326476noreply@blogger.comtag:blogger.com,1999:blog-22202011.post-84077428126692858352009-01-02T09:55:00.000+00:002009-01-02T09:55:00.000+00:00This economic recession is all the fault of the Am...This economic recession is all the fault of the Americans, the nasty Tories and their greedy banking friends. Please pay attention the one true word of Gordon and Peter.Not a sheephttps://www.blogger.com/profile/14123293202225008273noreply@blogger.comtag:blogger.com,1999:blog-22202011.post-77694065272216477042009-01-02T09:38:00.000+00:002009-01-02T09:38:00.000+00:00On my Nationwide mortgage, from reading the papers...On my Nationwide mortgage, from reading the papers, I did not expect to get the full 2nd reduction of 1 %, but I did.<BR/><BR/>Hooray for the Nationwide.<BR/><BR/>Par for the course from Labour though, they are a bank/B Soc, let's attack them.<BR/><BR/>ALan DouglasAlan Douglashttps://www.blogger.com/profile/16071898364060640779noreply@blogger.comtag:blogger.com,1999:blog-22202011.post-28860839243363706092009-01-02T09:20:00.000+00:002009-01-02T09:20:00.000+00:00Key here is 'makes clear'.. if the collar wasn't m...Key here is 'makes clear'.. if the collar wasn't made clear in the Key Facts Document than you might have a legal case for challenging it. If it was in the KFD, I agree, tough luck.Anonymousnoreply@blogger.com