A truly un-inspirational blog that really has got me thinking! Hey isn’t it tough being a mum with 3 kids, there are just not enough hours in a day, even with hubbies help it can still be too much.
I have to tell you that I have just had my side/rear extension with loft conversion built to my Victorian property located in Balham, London SW12. My builders were fantastic with the most competitive prices and good quality work. I found them through my friends who had work done by them previously and after having a few quotes these guys were the best value. I highly recommend ‘South London Extensions & Lofts’ Tel: 0203 627 1277 , 07535 610011, www.extensionslofts.co.uk, Good luck with your project. Annette Fraser – Balham.

Point taken if banks pays savers high interest rates than they have to charge borrowers very high rates and this way most would loose their homes because banks and other lenders had lend them with 5 to 8 times of their wages so if they all declare bankrupt then government have to rehouse them and put them in B&B after family loose their homes and jobs. It would be damaging beyond repair so low interest rates on borrowing would keep owners in the house so why the hell on earth pay 5 to 8 times of their wage pack?

This was done to push house prices up but why?

Why government and banks policy did not stick to their old policy borrowing at your 3 times of the wage so this way houses prices were low. One thing has happened and is, let borrowers takes banks money by borrowing huge money with low interest rates along with 5 to 8 times of their wages and than banks said they have no money? Yes that is right banks have no money because they allowed borrowers to take all money with their 5 to 8 times of their wages.

Now this people the borrowers had lost their jobs and they cannot sale their homes because no one has the money to buy them and banks not lending them.

crazy as it looks

Where is the money? Banks make money by keeping fund from savers where they pay savers only 0.5% to 3% most and lend that same money to borrowers by charging interest rate as high as 5 to 15% depend what type of borrowing taking place.

If they have 10 billions from savers and after paying out to borrowers through loans they made 1 billions profits after paying everything taxes to wages. How could they go bankrupt or loose money and if they have lent that money to others and not getting it back they have insurance policy so how come bail out policy apply to private banks when they only makes money.

Now many banks have given savers fund as a loan to very nasty private banks who lending it through payday loans where they are charging 5000% interest rates this is where British poor population giving them huge profits so savers not making anything because govenment had set 0.5% interes rates so they are living poor life because they do not get anything on benefits because they have saving and poor have no saving so they paying huge on interest rates so whole country getting poor so where this money going is the question.

disgusting,we taxpayers bailout these greedy f..... and now they increase mortgage rates,congratulations...not!!!

Those who say the public sector should get real, get a job in the public sector and be real. The private sector boasted better pay and conditions than the public for most of my 30 years of work. I was ridiculed for keeping my pension in the public sector by people who boasted that the returns on their pensions would far outstrip my own conservative pension. I chose a simple contract I do the work I get the pay and asked for nothing more. The increase in SVR are breaking this trust. They increase the rate because they can not because they need to. BR - 0.5%

With a corresponding increase in rates for savers? er no, that's gone to pay the bosses' bonuses!

Why are you all moaning? Mortgages are cheap. If they dont pay you interest you mopan if they increase lending rates to increase savings rates you moan again whilst not wishing to defend Banks it would appear they cant win.

In the real world (north of Watford) we are skint! Increase the Mortgage rate go on kill us! I read in the Paper today that Ferarri have increased sale to the UK by 31% so the Economy is quite good for someone isnt it?
Sorry but the North / South Divide and the Rich / Poor divide is bigger than ever! What we dont need is rising Fuel Costs & Incresing mortgage Rates! Or unions causing Problems because their 'members' arnt happy about Wages.Pensions etc, just think back if you were arround to the 3 day week in the 70's and the Miners Strikes, They acheived nothing! Sorry but Public Sector Workers have had it cushy for too long! And just spare a thought for our Armed Forces also getting pensions Trimmed back,not allowed to Strike and risking life & limb, And often having to stand in for folks such as the Firemen when they went of strike for more cash, I think the Public sector workers Teachers.Police,Firemen etc should be sent out to help our Troops in Afghan when they are under Pressure!!
Seriously this Country is messed up! Blair/Brown. Cammo/Cleggy, milliband & the Banks have killed it and are still doing!! Answers please on a Postcard to the Occupier 10 Downing Street!!!

These Banks like to keep on kicking the public.

Pity the Government at the time did not let em go bust.

Time for the whole banking system to be turned around. They must start working in the countries interest

Increase in mortgage lending has been on the cards for quite sometime, the BOE base rate is immaterial iin the contest of Uk banks borrowing on the open markets. There arefar too many takers and that has pushed up the rate, it is the same old story of supply and demand. Any other loan would attract a much higher interest rate af approx 8% to 9%. Cheap money has dried out.