Friday, 26 November 2010


First-time buyers face a huge rise in the cost of their mortgages at Britain’s biggest lender.
Halifax has revealed plans to raise its loan rates from January for all new borrowers.
In a further blow, the lender – part of Lloyds, which is 41 per cent owned by the taxpayer – is also scrapping a promise that its standard variable rate deal will never be more than three percentage points above the Bank of England’s base rate.
First-time woes: There is trouble for those looking to obtain their first home after Halifax raised its rates

This clears the way for the bank, which would have collapsed without a taxpayer bailout, to charge as much as it likes for its mortgage deals.
Yesterday, experts warned that other lenders are likely to follow the controversial move, which comes as millions face acute financial pressure.

Sorry?  I thought we owned these fucking banks?  Why then are the coalition allowing them to screw their customers with rates way above what they need to make a profit?  Why are credit cards at 29% and above in some cases?  Why can't we have a state owned bank which only deals in mortgages and small companies finance?  If these banking bastards, want to get back to their risky investments, which the Tories will believe me allow, why should any more tax payers' money be involved?


banned said...


In a word, yes. Not that I give a fuck, I have no dealings with The Halifux and have no need of the filthy credit on offer from userous credit cards or, worse, store cards.

Anyway, since when did being State owned have anything to do with offering the public a good or fair service? Remember British Telecom or your local electricity board or even British bloody Leyland?

Anonymous said...

Of course they are; and the railways are putting up fares by 12%; and the electricity and gas companies have increased their profit margins by 40% in the last 3months; and student fees in England are trippling.

Good old Tories. Don't you just love them.

Oh and you chavs; time you had the snip! That'll be £500 please!

Anonymous said...

I take it banned, that you use private hospitals?

Toni said...

The Halifax is especially good at milking its accounts although all "clearing" banks have long experience at this. I have dealings with the Halifax and frequently go overdrawn where they charge up to £5 per day for unauthorised overdrafts. This "fair" flat fee is claimed to simplify the situation for all customers but if you work it out as an APR it isn't much different to the payday lenders you have already mentioned on your blog. As Cameron tells us we are all in this together.

Dark Lochnagar said...

Banned, if they insisted that banks charge say no more than 10% on their credit cards, people would start spending again and the recession would be over in a jif.

There's a small bank in Lanarkshire called the 'Airdrie Savings Bank' who don't fuck about with hedge funds, they only do old fashioned mortgage lending and savings accounts. The CEO is only paid around £70k per year with no bonuses. They are expanding quite rapidly and that is the sort of bank the Government should be assisting IMO.

Dark Lochnagar said...

Tris, fine when everyone is working and there is plenty of money about. What opportunities we've missed in this country being independent like Norway. We won the lottery and pissed it up against the wall.

Dark Lochnagar said...

Tris, banned is possibly a lottery winner, who if he has any sense resides on the Costa del Sol.

Dark Lochnagar said...

Antonio, aye but he'll not be worried about going a £5 over on his account. It's time we reminded these bastards that they are there to work for us. They are public servants, not the other way round.

banned said...

No DL I'm not a lottery winner, (I don't even do the fucking lottery, mugs game that it is), just someone who decided a few years ago that living to pay Mr Barclaycard was not a good plan and who spent a while painfully downsizing his debt commitment to ZERO.

And Tris, no, I don't use private hospitals (though I could get a basic BUPA plan at less than the cost of a Sky subscribtion) and a couple of years ago I used a small windfall to sort my teeth out privately rather than go on an all inclusive luxury jaunt to fucking Marbella.

And another thing, that Tory apologist bloke was right, the poor squanderers do use Social Security to fund their breeding, why the fuck did the sorry cunt apologise just for accidentally telling the truth or "Right Speak" as Hilary 'old slapper' Clinton might put it. Beats me.

Dark Lochnagar said...

Banned, I'm disappointed that you're not a lottery winner, I was going tom tap you for a few bob. I paid off some of my CC debts and they are just about manageable now, although my income has changed for the worse, but I hope to do something about that shortly. The only trouble with private health is that you are dealing with insurance companies who we all know try and winkle out of things. "Oh, you fell and broke an ankle when you were 6 Mr Banned, then I'm afraid we can't cover you for your heart attack".

I think everyone has the right to say what they want and if some cunt is insulted, fucking hard luck. Sticks and stones?

Billy said...

Don't forget the banks loses have not gone away - they are just allowed to ignore them now as the nice tax-payers, courtesy of the politicians, are taking them on so that the banks can make nice profits so they can pay out the staffs bonuses for making these erm fantastic profits - how could they not eh?

Dark Lochnagar said...

Billy, the banks can still make what toxic losses they want because we're covering their arses. So we just say to the Inter-Alpha group which is owned by the Rothschilds and includes, RBS, HBOS and Lloyds, when times are good you keep the profits and when times are bad the taxpayer will cover your arse.

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