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i have had a mortgage before from a lender 'not off the high street' birmingham midshires actually ( aka halifax ) but they were terrible to deal with, i vowed only to go with high street lenders from then on..................
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down today another half percent point to 0.5%
my tracker mortgage rate is now 1.25%
I very much doubt the broker could beat that 
Nutty ProfessorComment
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Can anybody explain to me how printing more money (or selling government bonds to increase the amount of money circulating in the economy, as it was described on the news) is going to help our economy climb out of this hole it is in? Surely this step will devalue the pound even more and therefore make most items (which are imported and therefore paid for in Euros) more expensive?
Wont the government have to pay out on the bonds at some point in the future?
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it cant and wont last .
we will be in the real shit before to long , but then labour will blame the tories for it all , as they will be in power,whats new.Comment
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The Gov't don't borrow the money (ie by issuing bonds) they simply add a few 00's on to their own accounts - its called quantitative easing. The Gov then uses this money to buy corporate bonds from banks or companies that own existing Gov bonds, who inturn use this money to lend out to business/individuals. It is meant to encourage liquidity. They have printed £75bn.
Useful explination: http://news.bbc.co.uk/1/hi/business/7924506.stm
Laurie (I'll take my geek hat off now)sigpicComment
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