Anyone want a mortgage?

[Ron Manager]

Not wanting to tread on the toes of the board sponsor and Mr Mcnasty himself, I've got an excuse though.........I'm BORED STIFF!

 

[sufcintheprem]

Go on then, I'll have one

 

[Ron Manager]

Quote[/b] (sufcintheprem @ Dec. 23 2004,10:49)]Go on then, I'll have one

Cool, how much do you want....1 or 2 million quid?

 

[sufcintheprem]

Erm, 2. Sounds better than one.

 

[Ron Manager]

Very good, if you'd just care to send me your wageslips showing your annual salary to be at least £500,000 I'll sort that out straight away for you

 

[Guest]

My fixed rate of 3.74% runs out in July 05 - can you find me a better rate ?

 

[Ron Manager]

Quote[/b] (Rayleigh_Blue @ Dec. 23 2004,10:54)]My fixed rate of 3.74% runs out in July 05 - can you find me a better rate ?

sh*te, that sounds like a serious request which would actually mean doing some proper work......quick, think, what should I do...Oh, yeah - standard cop-out

'Well, seeing as we don't know what rates will do between now and July how about we speak a couple of months before so we can review your situation then?'

Phew, think I may have got away with that.......

 

[Napster]

Quote[/b] (Ron Manager @ Dec. 23 2004,10:35)]Not wanting to tread on the toes of the board sponsor and Mr Mcnasty himself, I've got an excuse though.........I'm BORED STIFF!

no excuse and as one of our partners, highly disreputable.

 

[sufcintheprem]

Quote[/b] (Ron Manager @ Dec. 23 2004,10:54)]Very good, if you'd just care to send me your wageslips showing your annual salary to be at least £500,000 I'll sort that out straight away for you

What are you trying to say? I can't earn half a million a year while in full time education?

 

[Ron Manager]

Quote[/b] (Napster @ Dec. 23 2004,10:58)]highly disreputable.

That's part of my job description!

 

[West Country Shrimper]

Quote[/b] (sufcintheprem @ Dec. 23 2004,10:59)]

Quote[/b] (Ron Manager @ Dec. 23 2004,10:54)]Very good, if you'd just care to send me your wageslips showing your annual salary to be at least £500,000 I'll sort that out straight away for you

What are you trying to say?  I can't earn half a million a year while in full time education?

I wish I bloody could!

 

[Leeboy]

Quote[/b] (Ron Manager @ Dec. 23 2004,10:57)]standard cop-out

sounds like when we had our flat valued recently -

How much do you think it's worth?
'hard to say, Christmas coming market is slowing down'

How much after Christmas then?
'hard to say, market just picking up'



Computer says.............no

 

[Ron Manager]

Quote[/b] (Leeboy @ Dec. 23 2004,11:01)]

Quote[/b] (Ron Manager @ Dec. 23 2004,10:57)]standard cop-out

sounds like when we had our flat valued recently -

How much do you think it's worth?
'hard to say, Christmas coming market is slowing down'

How much after Christmas then?
'hard to say, market just picking up'



Computer says.............no

Ah yeah, but when you consulted that Mortgage Adviser for some advice earlier in the year he was extremely helpful and professional wasn't he?

 

[sufcintheprem]

Quote[/b] (West Country Shrimper @ Dec. 23 2004,11:00)]

Quote[/b] (sufcintheprem @ Dec. 23 2004,10:59)]

Quote[/b] (Ron Manager @ Dec. 23 2004,10:54)]Very good, if you'd just care to send me your wageslips showing your annual salary to be at least £500,000 I'll sort that out straight away for you

What are you trying to say? I can't earn half a million a year while in full time education?

I wish I bloody could!

The ever slightly worrying thing about earning that much is there would be no reason to leave and we would all die of liver poisoning around thirty.

Living the Who dream though!

 

[Guest]

Consensus is that the base rate may fall in summer 2005 according to the MPC minutes of their last monthly meeting.
Where do you see the headline rate ? And do you think that Greenspan and the FOMC will leave their rates unchanged or as market judgement of a 25 basis point rise to 2.5% by effective in February will have much impact on the BoE monetary policy ?

 

[Ron Manager]

Quote[/b] (Rayleigh_Blue @ Dec. 23 2004,11:04)]Consensus is that the base rate may fall in summer 2005 according to the MPC minutes of their last monthly meeting.

Opinion is very much divided within the industry on that, some analysts believe that there may well be another couple of quarter of a percent rises to come before we see rates fall again. If this is the case we will have a BBR of 5.25% by next summer, the expected date for the next General Election.

However, under the FSA regulations, one of the aspects of your mortgage I am not permitted to advise you on is future interest rate movements - and thank goodness for that too, if I could accurately predict what was going to happen with interest rates I wouldn't need to be doing this job to earn a living!

 

[Guest]

True - have you ever thought about spreadbetting on base rate movements ?
RM - What have been the trends in the mortgages you are supplying - Fixed Rate, Trackers or Offset ? All 3 products are appealing and I definitely enjoy the challenge of keeping up with the market.
Anyway what were your thoughts on the FOMC ?

 

[Ron Manager]

Quote[/b] (Rayleigh_Blue @ Dec. 23 2004,11:20)]True - have you ever thought about spreadbetting on base rate movements ?
RM - What have been the trends in the mortgages you are supplying - Fixed Rate, Trackers or Offset ? All 3 products are appealing and I definitely enjoy the challenge of keeping up with the market.
Anyway what were your thoughts on the FOMC ?

My view is that the greater influence on the BoE at this moment in time are domestic influences other than international, controlling inflation is the key concern and of course one of the major factor in that is what house prices do. A significant enough drop in house prices will see a rate drop, however the housing market is sending pretty mixed signals at the moment. It's true that properties are taking longer to sell but are generally reaching a decent price, the only real drops seem to be on the high end properties, especially in London, but that is probably because they were grossly overpriced and a re-adjustment was long overdue.

 

[sufcintheprem]

SZ or back to the Management and Cost Accounting articeles from Accounting? Well, the winner's not quite as clear cut as it was...

Might just go pick up my guitar and play.

Cos I can

 

[Kent Shrimper]

i might just go and pick up a razor blade and slit my wrists, cos i can