[Londoner]

Got a letter yesterday saying our mortgage was going down because of the cut in interest rates. Every cloud has a silver lining.

[elite mike]

Got a letter yesterday saying our mortgage was going down because of the cut in interest rates. Every cloud has a silver lining.

got one yesterday saying i owed £100 on my electric,so they want to put up my dd

[LWC]

Got a letter yesterday saying our mortgage was going down because of the cut in interest rates. Every cloud has a silver lining.

Now's a great time to put your customers prices up as theyre saving on their mortgage! 

[Oakley Windows]

Got a letter yesterday saying our mortgage was going down because of the cut in interest rates. Every cloud has a silver lining.

got one yesterday saying i owed £100 on my electric,so they want to put up my dd

Id double that with them. A lot of utility companies are doing this for no reason. I got a similiar letter from my electric saying they wanted to put my DD up (basing their descision on nothing). I rang them up and disputed the need to, quoted my meter readings and they subsequently lowered it.

If they raised everyones DD unecessarily theyd raise hundreds of millions for no reason from which they gain interest from, for nothing.

Id question it.

[elite mike]

cheers matt

will do

[pingu]

Perhaps alot of us should be thankfull that these times are with us...as reading through the posts over the past couple of years...so many of us have been coasting to a certain degree and now were waking up and starting to get a new fire in our bellies for our business's.

We can either lay down and suffer or on the other hand grow a 'set' and get out there and run our business's...

Cheers
Dave.

[Ian W]

We have been in credit by £90 before and they have said they were putting up our dd!  

I rang them and told them to leave it as it was and got them to refund the £90 to us.

[mattywig]

My mortgage has gone from 900 to 415 per month due to the interest rate cuts.  It should be happy days but what concerns me is that we are going to get major tax increases to pay for all of these stupid bank bailouts for the next 20 years.  Oh to be a bank you can be irresponsable, pay your directors huge salaries and then when business goes bad there's nothing to worry about as the taxpayer will bail you out.  In hindsight we should have set up banks not windowcleaning rounds!!!

[Paul Coleman]

Perhaps alot of us should be thankfull that these times are with us...as reading through the posts over the past couple of years...so many of us have been coasting to a certain degree and now were waking up and starting to get a new fire in our bellies for our business's.

We can either lay down and suffer or on the other hand grow a 'set' and get out there and run our business's...

Cheers
Dave.

You make a very good point there.  When things are a bit easier I can get complacent.  It's when my back is to the wall that I find I am made of tougher stuff than I give myself credit for.
So tomorrow I will go around beating up anyone who has a ladder less than a year old.  Oh hang on.  One of mine is fairly new too.   

[AuRavelling79]

Got a letter yesterday saying our mortgage was going down because of the cut in interest rates. Every cloud has a silver lining.

If you can afford to then keep your payment up and reduce the outstanding balance further and more quickly while the going's good. (Check there are no penalties by so doing tho')

[Paul Coleman]

I'm on a fixed rate until September.  No problem though as I'm with one of the less considerate lenders so no idea yet what their SVR would be anyway.  More interested in reducing my credit card debts anyway at the moment.  This year I intend to push my income up still further as I'm sick of being indebted.

[peter holley]

i moved last june and fixed mine for 4 years 
but hey it could av gone the other way, and then it would be     

[neil100]

I am not putting my prices up this year.The bills for gas and electric are due to drop on the matts,Some will be in for a big shock.

Enjoy your low mortgage rates while you can. My advice in 4 or 5 months time switch to a fixed rate for 5 years or longer at a low rate.

The country is going to go bankrupt or very near to it at best.

Intrest rates will start to incresae in 2010 and in 2011 they will be on their way to 10% or much more.

The pound will be  worth around  a dollar and worth less then 90p to a euro. Hard times ahead for us all if you can keep yourself in buisness you will be one of the lucky ones.

If we go bankrupt as a country you will be happy if you have food on your table and heat in your homes.

A bleak 5 years is on the horizon for us all. Our outlook on life will change for all of us on what is and is not important.Dont put your head in the sand but try to be addaptable and face things head on.

Time for a drink to cheer myself up.Neil

[Jeff Brimble]

I agree with the 5 years.