European Union - Ramifications

[Ozzie Osmond]

Durzel said:

Ultimately the democratic process decided that we leave - so we all have to move on from that.

I think we'll find the Scots don't see it that way. They will not so much be "moving on" as "moving out".

[Simpo Two]

Pete317 said:

The markets detest uncertainty, and uncertainty is a gross understatement for barging headlong into something without a plan in place, as we've just done.

Then the politicians should have had a plan. But that's easy to say; no-one has ever left the EU before so it's breaking new ground. And the tunnels are being shut as we speak. There are two years to plan and undo the knots and disentangle the web.

I got through 1990, and 2000, and 2008, and this will blow over too. Had there been no recessions, just 25 years of steady growth, I'd be a multi-millionaire. But life doesn't work like that.

[Sarnie]

First lender email received this afternoon;


"On Tuesday 28 June we’re increasing rates on all our 5 year products.

All 5 year deals:
• 60% LTV products increased by 0.15%
• 65% LTV products increased by 0.30%
• 75% LTV products increased by 0.20%"

Wonder if this is the first of many.....

[Jockman]

Ozzie Osmond said:

I think we'll find the Scots don't see it that way. They will not so much be "moving on" as "moving out".

Oot, Ozzie, oot.

If you can't speak Scottish then you can't speak for us

[Zoon]

18-25 year olds have nothing to complain about when only 43% of them bothered to vote.

[Jockman]

Sarnie said:

First lender email received this afternoon;


"On Tuesday 28 June we’re increasing rates on all our 5 year products.

All 5 year deals:
• 60% LTV products increased by 0.15%
• 65% LTV products increased by 0.30%
• 75% LTV products increased by 0.20%"

Wonder if this is the first of many.....

Genuine reaction or profiteering?

good day for burying bad news?

[Sarnie]

Jockman said:

Genuine reaction or profiteering?

good day for burying bad news?

All of the above perhaps?

Profiteering won't work if they simply price themselves out of the reckoning and the business goes elsewhere.....the proof will be what other lenders do....

[Jockman]

Sarnie said:

Jockman said:

Genuine reaction or profiteering?

good day for burying bad news?

All of the above perhaps?

Profiteering won't work if they simply price themselves out of the reckoning and the business goes elsewhere.....the proof will be what other lenders do....

Agreed.

You're a pro, sarnie, so were you aware of these sort of deals changing whatever way the vote went?

[DonkeyApple]

rsbmw said:

Stings a little that the older generations who are done/just about done with their financial life (housing ladder, business etc) have essentially changed the future for the current generation based on what seems to be mostly fear of immigrants!

True. But ironically, it's the older generation who had accidentally created a Britain where the youth were totally fked with unaffordable housing, zero wage inflation and massive educational debts.

They may have voted for all the wrong reasons but the result might well transpire to be the greatest thing that they have done for the lost generation who were facing misery and zero opportunity.

[Sarnie]

Jockman said:

Sarnie said:

Jockman said:

Genuine reaction or profiteering?

good day for burying bad news?

All of the above perhaps?

Profiteering won't work if they simply price themselves out of the reckoning and the business goes elsewhere.....the proof will be what other lenders do....

Agreed.

You're a pro, sarnie, so were you aware of these sort of deals changing whatever way the vote went?

Nope.....first I knew was when the email landed...the only "heads up" I guess is that they are giving us notice that the rates are going up on Tuesday, whereas the man in the street would be unaware of that.....

[DonkeyApple]

Jockman said:

Sarnie said:

Jockman said:

Genuine reaction or profiteering?

good day for burying bad news?

All of the above perhaps?

Profiteering won't work if they simply price themselves out of the reckoning and the business goes elsewhere.....the proof will be what other lenders do....

Agreed.

You're a pro, sarnie, so were you aware of these sort of deals changing whatever way the vote went?

What we will certainly see is that some lenders will want to price themselves out for a time as they wish to avoid increasing their exposure to a market that has just become a little more shakey. Those rises above probably just reflect the pricing in of the higher lending risk as of today.

[Jockman]

Cheers guys. I'm told on other threads that the FTSE has closed as near to its opening point this morning so just curious to see what the mortgage markets were doing.

[rsbmw]

Ftse actually closed the week up a couple of percent, could be worse!

[mph1977]

berlintaxi said:

twoblacklines said:

This right here is the entrepreneurial spirit at its finest. See change, adapt, prosper.

The big problem is most of the people who voted remain are stuck in 9-5's and all they care about is easy travel to Greece once a year.

Wow, you really are a special kind of stupid.

change easy travel to greece to easy travel to spain and you could probably apply that as a stereotypr to leavers ...

[DonkeyApple]

mph1977 said:

change easy travel to greece to easy travel to spain and you could probably apply that as a stereotypr to leavers ...

We can mock the leavers but at the same time we have just born witness to the result of 30+ years of Westminster crapping on large sections of society. Whether their reasonings are flawed is ultimately irrelevent it's the fact that so many have been disenfranchised.

[hedgefinder]

Durzel said:

Not quite. Quite simply they - as a political entity with considerations that go beyond merely us - will consider the wider picture of "sending a message" to other EU nations (politicians and the public) in exactly the same way our judicial system does with criminal cases that outrage public decency. That in and of itself doesn't mean that we were obliged to stay in.

Ultimately the democratic process decided that we leave - so we all have to move on from that.

so voting for independence with a democratic process outrages public decency now?

[rsbmw]

I think maybe you have misunderstood the post you quoted

[mph1977]

DonkeyApple said:

mph1977 said:

change easy travel to greece to easy travel to spain and you could probably apply that as a stereotypr to leavers ...

We can mock the leavers but at the same time we have just born witness to the result of 30+ years of Westminster crapping on large sections of society. Whether their reasonings are flawed is ultimately irrelevent it's the fact that so many have been disenfranchised.

The fact is the portrayal of one group of other a wage slaves drones is false, I've met leavers who work in all sectors even those that pH would suggest would be 100% remain ...

[Ozzie Osmond]

Jockman said:

Ozzie Osmond said:

I think we'll find the Scots don't see it that way. They will not so much be "moving on" as "moving out".

Oot, Ozzie, oot.

If you can't speak Scottish then you can't speak for us

Thank you, as ever, for your expert guidance in these matters!

[blueg33]

Anyone remember when new cars were cheaper in mainland Europe than the uk but the makers wouldn't sell them to Btits who crossed the channel to buy. IIRC the EU forced makers to sell to Brits and that effectively saw car prices reduce.

The U.K. Is now a captive market again and I bet new car prices will rise.