Mortgage advisors help needed ..

[kinboshi]

This is the problem, it has nothing to do with race or immigrant workers for that matter it is to do with immigrants coming here purely for handouts be it via benefits or the nhs, it's wrong.

But most immigrants come here for economic reasons- not to scrounge or sponge, but to work. A great deal of anecdotal evidence suggests that many of those who do rely on the state for their income (i.e. asylum seekers/ refugees still awaiting confirmation of their right to remain) would prefer to earn their own living but are prevented from doing so by their legal limbo.

As for people coming to the UK for the NHS, I would have thought the bigger problem would be Brits going to poorer countries for cheaper healthcare thereby pushing up the cost for locals?

Again you sidestep the group i am talking about but while you do mention asylum seekers/ refugees why do you think they all want to come here?

Article 1A(2) of the Convention defines a refugee as:

'A person who has a well-founded fear of persecution for reason of race, religion, nationality, membership of a particular social group or political opinion and who is outside the country of his nationality or former habitual residence and is unable or, owing to such fear, is unwilling to avail himself of the protection of that country or to return to it.'

That's why they want to come here.

[mondatoo]

 

Also just wanted to say thanks 4 all the post they've mostly been very helpful,i won't get involved in the racial debate except to say i think a big problem with many peoples issues with foreigners coming over here is there own ignorance(guess i am now hmm!).Also many thanks for all the pms recieved all your help is very much appreciated.

This is the problem, it has nothing to do with race or immigrant workers for that matter it is to do with immigrants coming here purely for handouts be it via benefits or the nhs, it's wrong.

I think you may have misunderstood my post m8 i ment english peoples ignorance. For instance most of the political correctness bs doesn't come from the people its about but from idiotic ministers and the such who are so frightened of offending anyone in a minority.This therefore annoys the majority i.e english people and leads to them blaming the minority for this stupidity even though it's not there doing.

[ifm]

This is the problem, it has nothing to do with race or immigrant workers for that matter it is to do with immigrants coming here purely for handouts be it via benefits or the nhs, it's wrong.

But most immigrants come here for economic reasons- not to scrounge or sponge, but to work. A great deal of anecdotal evidence suggests that many of those who do rely on the state for their income (i.e. asylum seekers/ refugees still awaiting confirmation of their right to remain) would prefer to earn their own living but are prevented from doing so by their legal limbo.

As for people coming to the UK for the NHS, I would have thought the bigger problem would be Brits going to poorer countries for cheaper healthcare thereby pushing up the cost for locals?

Again you sidestep the group i am talking about but while you do mention asylum seekers/ refugees why do you think they all want to come here?

Article 1A(2) of the Convention defines a refugee as:

'A person who has a well-founded fear of persecution for reason of race, religion, nationality, membership of a particular social group or political opinion and who is outside the country of his nationality or former habitual residence and is unable or, owing to such fear, is unwilling to avail himself of the protection of that country or to return to it.'

That's why they want to come here.

I know what a refugee is you pillock but why HERE?

[kinboshi]

This is the problem, it has nothing to do with race or immigrant workers for that matter it is to do with immigrants coming here purely for handouts be it via benefits or the nhs, it's wrong.

But most immigrants come here for economic reasons- not to scrounge or sponge, but to work. A great deal of anecdotal evidence suggests that many of those who do rely on the state for their income (i.e. asylum seekers/ refugees still awaiting confirmation of their right to remain) would prefer to earn their own living but are prevented from doing so by their legal limbo.

As for people coming to the UK for the NHS, I would have thought the bigger problem would be Brits going to poorer countries for cheaper healthcare thereby pushing up the cost for locals?

Again you sidestep the group i am talking about but while you do mention asylum seekers/ refugees why do you think they all want to come here?

Article 1A(2) of the Convention defines a refugee as:

'A person who has a well-founded fear of persecution for reason of race, religion, nationality, membership of a particular social group or political opinion and who is outside the country of his nationality or former habitual residence and is unable or, owing to such fear, is unwilling to avail himself of the protection of that country or to return to it.'

That's why they want to come here.

I know what a refugee is you pillock but why HERE?

Because it's better than where they are coming from, pillock.

They don't just come here, in fact we take less than a lot of other countries do.

[ifm]

LoL. obviously its better, jeez.
Stop stating the obvious, if you really want to argue at least try!

[Ironside]

most refugees head for a place they have some knowledge or releationship with


as the british empire spanned the globe many of the refugees have an attachment

also english is a global language and most people on the planet have a splattering  of english (apart from me of course)

that makes english speaking nations targets for refugeess (like austrailia UK and USA) from former french and spanish colonies the

french and spanish have the same problem we have (larger countries with more room and smaller colonies) if the UK wasnt such

a former powerhouse and we had a little more spaces we wouldnt have any problem

[boldie]

most refugees head for a place they have some knowledge or releationship with


as the british empire spanned the globe many of the refugees have an attachment

also english is a global language and most people on the planet have a splattering  of english (apart from me of course)

that makes english speaking nations targets for refugeess (like austrailia UK and USA) from former french and spanish colonies the

french and spanish have the same problem we have (larger countries with more room and smaller colonies) if the UK wasnt such

a former powerhouse and we had a little more spaces we wouldnt have any problem

Indeed. In Holland it's mainly people from Suriname that came over with Turkish and Marrocans. (because we had a massive employment need in the '50's we asked a lot of Turkish people to come over to Holland to work, this built up a fairly large Turkish community in Holland that integrated very well into Dutch society and therefore a fair few Turkish people now come to Holland if they want to leave Turkey (Turkish Kurds still have a pretty shitty life there).

The immigrants and refugees that come to the UK come here because they think they can integrate better into British society, they already know part of it's culture and often the language..they sure as hell don't come here because your benefit system is soo fantastic or becauuse the NHS is better than any other healthcare system in Europe..anyone who claims that is severely delusional..or just ignorant about the state of the British welfare system compared to the rest of Europe.

[Karabiner]

LLevan must be your man for this. Ooops sorry i thought it said norkage advice....

[boldie]

http://uk.news.yahoo.com/rtrs/20080420/tpl-uk-britain-crunch-20b2d2f.html

must be nice to be a banker.to have made a mess of your business and now find the govt is willing to take over your bad debts.

Also nice..the Bank of England has cut interest rates a few times..so Gordon Brown and Darling have asked the banks to pass this on to their clients (you and me) unfortunatelky the banks have said "no".

Why should the BoE even bail these tossers out now?...only because Brown has finally been completely found out...you can be pretty damn sure it won't do us any good...but it's nice if you're the CEO of a bank (or even a share holder)..it's a 50 billion £ gift from the government to you.

[TightEnd]

So, Abbey National stops lending to anyone without a 25% deposit. Since a 300k flat (quite standard for two bedrooms in a half-decent area in London) would require you to stump up 75k, plus another 15k or so for expenses, I think that we can safely say that the current market is shot to shit. How steep and horrible the fall will be is anyone's guess, and a lot depends on rollover effects with, for example, remortgagers, and with the knock-on to the whole economy.

In effect, the UK needs to produce itself out of trouble, so, if full employment is maintained, you don't get recession-linked defaults, and the housing market stabilises at a new "more sensible" level, with inflation working to bring house prices back to a p/e ratio of 4 to 4.5 times average annual earnings.

But if we get a dose of unemployment, then you get defaults. People can't remortgage. They get foreclosed. The whole market seizes up. The crash in house prices in areas where most of the purchases were credit-funded could be in the region of 50% (and even I hadn't imagined that in my earlier doom-laden scenarios). London, where more purchases are cash-based and there are fewer first-time buyers, will fare better unless the recession is global. But I can still see a 30% drop in house prices.

One saviour (for London) could be the strong euro. For reasons that escape me, the place is still chic.

But in parts of Bolsover and Newport, where most of the mortgages are 100% and there are no new buyers on the horizon, it makes pretty grim viewing for a number of homeowners, and not that much better for non homeonwers, unless they are sitting on wodges of cash.

One conversation I used to have with people who worried about falling house prices was to ask them "could you afford to buy the place that you are living in today?", to which the answer was invariably "no". "So", I then asked, "who do you expect to buy it, if not another version of you?"

In this sense, the whole housing market was a bit of a Ponzi scheme, with the increased prices hidden by the word "affordability", as if that was all that mattered, the amount of your monthly payment. Hidden away in this emperor's new clothes land was that the debt was real money. a grand a month for 40 years is not cheaper than fifteen hundred a month for 10 years.

The Bank of England wittering about the bailout is clearly trying to hide the fact that it's a bailout. George Osborne follows the nut-line, talking about "unblocking the financial system", while Mervyn King glossed over the cracks by saying that the Banks would be required to pay a fee for the swap facility and they will have to provide the Bank of England with assets "of greater value than the government bonds they will receive".

The key phrase here of course is "of greater value than". What does that mean (apart, of course, from implicitly assuming that the whole thing is a liquidity crisis and nothing else)?

I think the best way to explain this is to remember Schindler's List, when Schindler asks Goeth how much the workers were worth to him. Goeth, clearly an investment banker in a previous life, said that that was not the point. The point was, how much were the workers worth to Schindler.

As Goeth spotted, "value" is a relativistic concept.

Another example might be if I really want a painting that someone else owns. He desperately wants to sell, I (an art expert, for the purpose of this thought experiment) desperately want to buy, and we both agree that the painting is "worth" ten million quid.

Unfortunately, neither I nor anyone else who thinks that the painting is worth ten million quid (all the art experts in the world), have that kind of money. And the people who do have the money (second-hand car dealers in Walthamstow) are only offering a million quid.

We, the art experts, mock this valuation as "way wrong". But, in what sense is it wrong? It's the same with the CDOs. It doesn't matter how many experts say that they are "worth" x-million quid. All that matters is how much a second-hand car dealer in Walthamstow is willing to pay for them.

So, Mervyn King might be talking about value, but it's a nebulous concept and I suspect that King is praying that his assertion is not put to any kind of test in the short term.

[Karabiner]

  I didn't understand half of it but it was still damned impressive.

[Claw75]

so is there a chance i might actually be able to get on the property ladder one day?

[TightEnd]

so is there a chance i might actually be able to get on the property ladder one day?

sure, some time after you have retired. Or sooner, but only if the world goes to hell in a handbasket first.

[Claw75]

so is there a chance i might actually be able to get on the property ladder one day?

sure, some time after you have retired. Or sooner, but only if the world goes to hell in a handbasket first.

good good

[ifm]

I'd like to know how the government has £50 bill to lend, if they've been saving my taxes instead of spending them on what i'm paying for then i will be pissed..