Mortgage Rate Rises

robj20 said:
Again loss into YOUR house. My boiler is in the garage/utility room.
I agree there are certain efficiency losses with central heating using a combi, mines not too bad only the absolute coldest days does it max out it's modulation.
But a system boiler/setup is a lot more costly I doubt I'd make the money back there.

Personally I think rather than just guess that everyone's demands are the same it's best to fit the system that suites the household. Not just one system or another "sucks".
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I am talking loss from tank, the location of the boiler is mainly mute.

Again as I clarified, my main point of reference for combis suck is that in the real world, I have yet to see one that doesn't have hot water supply issues.
Even after having one that was above what the house should have myself.

With more than a couple in a house its so easy to max out a combi and get that terrible inconsistent heat issue (its really flow but feels like heat when you set a tap and the temp changes)

If all that matters is the cheapest possible running costs then combi. But if like me you value quality of life in that equation the jump from combi to pressurised system is large.
Plus as mentioned the ability to store the hot water using eg excess solar.

Anyway off topic.
 
Classic Blue Theme said:
I disagree. They also have poor flow. From a green point of view they are distinctly worse as you can't exploit solar or cheap night rate electricity. Some combis now have a mini tank in them to try and deliver a similar benefit. Tanks can also be placed strategically to avoid running the tap so much.
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They don't have poor flows. They are fine.
 
Classic Blue Theme said:
I disagree. They also have poor flow. From a green point of view they are distinctly worse as you can't exploit solar or cheap night rate electricity. Some combis now have a mini tank in them to try and deliver a similar benefit. Tanks can also be placed strategically to avoid running the tap so much.
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I’m not sure what kind of combi boiler you have used but I’ve had no issues with mine. I get instant hot water and it’s really efficient. I went for a Worcester Bosch greenstar. It’s 94% efficient.
 
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Mercenary Keyboard Warrior said:
Why clown?

Businesses are there to make money.
When macro events change that, the profits can go up or down.

Or do we only accept profits going down and never up?
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It wasn't that long ago that when banks profits went so far down they all came crying for a handout, now profits are up it's all theirs to keep fair and square right ?

What mine is mine and what's yours is also mine comes to mind
 
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NeoVo said:
I'm 7 years into my 25 year mortage.
Current 5 year fixed at 1.9% is due for renewal in October which is great timing....

Despite house being worth more, i'm expecting to magic up £200+ a month.
In the grand scheme of things, i'm thankful not to be renting and thankfully not living pay cheque to pay cheque but it is rather worrying.
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Depends what your mortgage is for (amount)
It could be £200+ or it could be £500+

Had I not overpaid or reduced the term, mine would have been an increase of £300/month. But I've been overpaying and also wanted to reduce the term so its gone up £266/month (but knocked 10 years off the term)
 
Sythe79 said:
It wasn't that long ago that when banks profits went so far down they all came crying for a handout, now profits are up it's all theirs to keep fair and square right ?

What mine is mine and what's yours is also mine comes to mind
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This is factually incorrect.

They didn't come crying to handouts due to profits being down at all.
The banks became insular, they didn't trust each other in regards liquidity since they had no idea of the true financial position of the other banks and hence they couldn't be sure they would receive the funds they should.

In the UK the government had to step in and restore liquidity to the banks and hence the markets.
This was to prevent a collapse of the free banking market, and probably a truly massive meltdown of the wider UK economy.
 
Mercenary Keyboard Warrior said:
This is factually incorrect.

They didn't come crying to handouts due to profits being down at all.
The banks became insular, they didn't trust each other in regards liquidity since they had no idea of the true financial position of the other banks and hence they couldn't be sure they would receive the funds they should.

In the UK the government had to step in and restore liquidity to the banks and hence the markets.
This was to prevent a collapse of the free banking market, and probably a truly massive meltdown of the wider UK economy.
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The fact they were basically all insolvent is the very definition of unprofitable, nothing incorrect about that

It's not a free banking system if it needs some commie government to prop it up, they should have all failed, free market is God, remember.

if the free market said we should all go back to living in huts eating rats that's what we should do, free market is God, remember.


Or is it really free market is God, when it suits.
 
delta0 said:
I’m not sure what kind of combi boiler you have used but I’ve had no issues with mine. I get instant hot water and it’s really efficient. I went for a Worcester Bosch greenstar. It’s 94% efficient.
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And you can get system boilers that are 98% efficient. Such as Viessmann Vitodens.
System boilers due to simplicity can achieve higher efficiency than combis. However most are the same (ie your boiler the system equivalent is the same 94%) as they use interchangeable parts for bits that matter.

Again the main issue is that real world, the known negative of combis is the limited flow in high demand situations. So many installers will increase the size as people say it must not have low flow.
As such they then end up with a boiler thats oversized and hence lower efficiency than it should be.
Again the impact isn't massive on modern ones, but its wasted capacity for most of the time.
 
Sythe79 said:
It wasn't that long ago that when banks profits went so far down they all came crying for a handout, now profits are up it's all theirs to keep fair and square right ?

What mine is mine and what's yours is also mine comes to mind
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Privatised profits, nationalised losses.

The banking system is pretty much just legalised theft. They know they cannot lose, and the people in charge don't give a **** as they make millions whatever happens.
 
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Sythe79 said:
The fact they were basically all insolvent is the very definition of unprofitable, nothing incorrect about that

It's not a free banking system if it needs some commie government to prop it up, they should have all failed, free market is God, remember.

if the free market said we should all go back to living in huts eating rats that's what we should do, free market is God, remember.


Or is it really free market is God, when it suits.
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Ooof

They were insolvent due to potential runs on liquid assets. Take Northern Rock.

You can make a profit and be insolvent. Its actually what hurts most small businesses whilst growing. Making profits but no money, how!!!?

All should have failed yeah that would have been awesome. Total and utter dribble.
Imagine an economy that basically stops working, no ability to transact between parties.
It would have been total carnage and hence why the government had no choice but to step in.

The government didn't even "give them" the money anyway.
Its why some went their own way, such as Barclays.

Its nothing to do with free market in this situation.

Edit to note, insolvency its typically one of two tests, being unable to pay debts as they fall due (which is daily in interbank) this requires liquidity (the main issue for the banks previsouly), or net assets being below net liabilities.
 
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Mercenary Keyboard Warrior said:
And you can get system boilers that are 98% efficient. Such as Viessmann Vitodens.
System boilers due to simplicity can achieve higher efficiency than combis. However most are the same (ie your boiler the system equivalent is the same 94%) as they use interchangeable parts for bits that matter.

Again the main issue is that real world, the known negative of combis is the limited flow in high demand situations. So many installers will increase the size as people say it must not have low flow.
As such they then end up with a boiler thats oversized and hence lower efficiency than it should be.
Again the impact isn't massive on modern ones, but its wasted capacity for most of the time.
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Mine is 88.5% at max load and 98.7% at low load (30% of max).
 
Mercenary Keyboard Warrior said:
Ooof

They were insolvent due to potential runs on liquid assets. Take Northern Rock.

You can make a profit and be insolvent. Its actually what hurts most small businesses whilst growing. Making profits but no money, how!!!?

All should have failed yeah that would have been awesome. Total and utter dribble.
Imagine an economy that basically stops working, no ability to transact between parties.
It would have been total carnage and hence why the government had no choice but to step in.

The government didn't even "give them" the money anyway.
Its why some went their own way, such as Barclays.

Its nothing to do with free market in this situation.

Edit to note, insolvency its typically one of two tests, being unable to pay debts as they fall due (which is daily in interbank) this requires liquidity (the main issue for the banks previsouly), or net assets being below net liabilities.
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that's some revisionism right there, the government didn't give them any money, 1.1 trillion in loans and underwriting doesn't really count as giving I guess. just a small loan to start a business.

some of the banks didn't take loans directly but benefited from broader cash injections and obviously from the domino effect that would have happened if the most exposed banks had gone down.

you're right there was nothing free market about it, and now the banks are creaming in profits off the misery of the general populace "the free market" excuse shouldn't protect them from paying their share.
 
ARPs were set up all by govenrments all over the world people were you asleep :D ?

HSBC took on 60BN distressed assets onto their book out of their SIVs, held onto them for 5 years and voila...profit.

Not all banks were insolvent.

Maybe this was a case of "you had to be there".
 
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