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Star Letter Extra 08/02/13

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  • 08/02/2013
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Star Letter Extra 08/02/13
Each Friday, Mortgage Solutions takes a look back at the best reader comments on the website.

No UK recovery before 2018 – NIESR

We are already potentially devastated by interest payments and now they want us to borrow more for new projects.

We need to curb the civil service and create real jobs in the economy not just borrow more because when we start having to pay higher interest rates the problems will really begin.

Clinton Green
05 Feb 2013 | 11:26

Why do foreign lenders fail in the UK mortgage market?

You forget to mention GE Capital, they have a sizeable UK book, have continued to originate new mortgage lending throughout the cycle and are part of the huge US industrial giant General Electric.

They are not failing either commercially or from a customer perspective. The team at GE over in Watford do not get enough credit for what they do.

Anthony Radford
06 Feb 2013 | 09:08

RBS fined £390m for ‘widespread misconduct’ over LIBOR

OK, so what’s the mathematics of this fine and what’s the financial significance for the individuals concerned?

I assume the UK taxpayer picks up the tab and pays it to the FSA, so in effect there is a debit on one Treasury department and a credit on the other department!

What we really want to know is who gets sacked and banned from working in the industry for life because a “little man/woman” would be out of the industry before his/her feet could touch the ground!

John Morgan
06 Feb 2013 | 14:37

RBS fined £390m for ‘widespread misconduct’ over LIBOR

If RBoS ‘attested’ to the FSA that their systems were sufficiently robust, which job centre is the ‘attester’ reporting to.

If any other intermediary ‘attested’ against the facts, they would be disbarred, fined personally and placed in the stocks. Are the scales of justice another victim to the system under which we currently labour?

John West
06 Feb 2013 | 16:45

ING Direct to launch 1.94% two-year mortgage

Why would a bank that will cease to exist shortly offer such a low rate?

Mark Sutton
07 Feb 2013 | 21:18

Thank you for your comments this week.

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