Hi, Your deposit vs the house price seems to be fine, but it will also largely depend on your yearly income as well. I'd say you would need to be on £30 000 to £35 000 a year to be accepted under those terms.

Interesting. But wait....if they are now going by the dutch scheme, shouldn't they go buy their interest rates as well ;-)?

mooreaz:A. The Lloyds Banking Group will not be nationalised B. Your savings are safe up to the £50k FSCS insurance limit. This covers LTSB and HBOS separately. A. Erm, we already own 40%. There will be a mass sell of over the next week, and we will likely be forced to own more. We also own 70% of RBS. To be honest, Nationalisation ...

Hi, Yes, keeping it in sterling is the best option for now. The Euro is facing a big test at the moment, and there are signs that the market is becoming nervous about it. Simply put, Europe has too many different economies and some suffer more than others in the bad times. A perfect example is Spain. They need lower rates than 2%, but countries ...

ATM:axisme, Can you really see a "mini recovery" occurring with house prices in the UK?. The banks still need some encouragement to start lending again and 25% deposits to get decent rates are still likely to deter first time buyers. Going back to 1992/93 which was the period of the end of the last house price correction and the ...

I guess I will be worse off. I have been biting the bullet (living with parents) the past year and saving. I have no debts, so the rate cut doesn't benefit there. However, my savings are still growing as I'm managing to add more than 80% of my monthly income to my savings each month. To be honest, the situation is a little perverse. The ...

A better question to ask is "When will the Government learn from their mistakes?" Bailing out banks doesn't work, not when there is a lack of confidence. Imagine the scenario, well, you don't need to imagine, as this is what happened. For arguments sake, lets say there are 10 banks in the country. 3 of those banks have made ...

I guess it depends on the person. They keep trying to get me to go for it, despite the fact I clear my balance every month. I just tell them I would never have any use for it. Doesn't stop them trying again 6 weeks later though ;-)

In short, no. You won't be screwed for life by missing a few payments. You may have trouble getting another line of credit in the next 9 months, that's about it. This is assuming you bring your account up to date as soon as possible.

It may be rising, but it's still a fraction of every western country. India could quite easily afford to swallow ICICI if it so chose to. If it would choose to or not, is the question. Remember, some of our banks are only afloat due to the 100s of billions our Government has chucked at them. Iceland couldn't do this, we could. India ...