Moneyfacts.co.uk - All Comments

re: Feeling let down…?

Cashback — Fri, 05 Jun 2009 11:34:25 GMT

I think rental and homeowners should be treated equally and both supported

re: Lending to remain restricted

lee — Fri, 13 Mar 2009 13:56:17 GMT

When lending criteria hopefully softens in the future it should still be at a sensible level relative to risk. The criteria used in the last few years was excessive and unrealistic.

re: Property sales hit 30 year low

lee — Fri, 13 Mar 2009 13:51:01 GMT

Property prices were grossly over priced so a large fall back to realistic income multiples and loan to values were inevitable.

re: Recession to be worse than expected

lee — Fri, 13 Mar 2009 13:47:56 GMT

Hopefully we will not be enduring the 1929-46 great depression timescale due the fact that there a hugh demand in South East Asia and the world Governments being commented with money to intervene.

Interest Rates » Interest rates down to 0.5% - Moneyfacts.co.uk -

Interest Rates » Interest rates down to 0.5% - Moneyfacts.co.uk - — Fri, 06 Mar 2009 10:04:29 GMT

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Problems growing for buy-to-let - Moneyfacts.co.uk -

Problems growing for buy-to-let - Moneyfacts.co.uk - — Mon, 23 Feb 2009 11:36:49 GMT

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Problems growing for buy-to-let - Moneyfacts.co.uk -

Problems growing for buy-to-let - Moneyfacts.co.uk - — Mon, 23 Feb 2009 10:13:04 GMT

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re: Former banking bosses apologise

Midge — Wed, 11 Feb 2009 16:15:06 GMT

I think the bit I like most is this, 'He said: "As you can imagine I've gone over this time and time again in my own mind as to what was the point we should have seen things differently."

At the point you started lending more money than you actually had?

At the point you started lending more to people than they had securities?

At the point you decided 'to hell with reserves! I need a new yacht'?

At the point you blew off a 'worst case scenario' meeting to play another round of golf?

At the point you stopped employing senior management with any kind of integrity and started employing over paid 'yes men'?

Ok, so I started going slightly OTT but I don't understand how people at this level within a financial company seem to have no grasp of economics. The banks appeared to have nothing (or very little) in reserves to deal with any kind of financial downturn. Any period of large financial growth is ended with a recession (this one slightly worse than most) and these companies should have made steps to prepare for this.

Building Societies which focus more on increasing reserves and use money from investments for the majority of their lending, while not completely unscathed, have faired a lot better than most banks. While I dont think that the priorities or business model that Building Societies follow would suit all financial companies I think there are valuable lessons to be learned.

Interest Rates » Interest rates drop to new low - Moneyfacts.co.uk -

Interest Rates » Interest rates drop to new low - Moneyfacts.co.uk - — Mon, 09 Feb 2009 20:14:36 GMT

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re: Landlords set for tough year

Midge — Fri, 16 Jan 2009 16:25:12 GMT

I tend to find it very hard to feel sorry for landlords. A vast number of them made a lot of money very quickly during the housing boom and a lot of people, encouraged by property development programs jumped on the band wagon, seeing it as a get rich quick scheme.

I am glad that the recent base rate reductions are being passed on, to a certain extent, to struggling home owners but why should people who are trying to make a quick buck out of property be given any kind of help.

How to keep your savings safe – the idiot’s guide

Moneyfacts.co.uk — Thu, 09 Oct 2008 14:09:24 GMT

Given the recent high profile collapses of Icesave , Kaupthing Edge and Hertiable Bank ; and takeovers

How to keep your savings safe – the idiot’s guide

Moneyfacts.co.uk — Thu, 09 Oct 2008 14:09:23 GMT

Given the recent high profile collapses of Icesave , Kaupthing Edge and Hertiable Bank ; and takeovers

How to keep your savings safe – the idiot’s guide

Moneyfacts.co.uk — Thu, 09 Oct 2008 14:09:22 GMT

Given the recent high profile collapses of Icesave , Kaupthing Edge and Hertiable Bank ; and takeovers

Iceland – where did it all go wrong?

Moneyfacts.co.uk — Thu, 09 Oct 2008 10:26:34 GMT

The Iceland Authorities have now taken over all three of Iceland’s major banks. Landsbanki (owner

Are my savings safe calculator - Moneyfacts.co.uk -

Are my savings safe calculator - Moneyfacts.co.uk - — Thu, 09 Oct 2008 08:22:30 GMT

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