Written by John Kruse, one of the leading experts on Bailiff Law, this consumer friendly guide is essential reading for anyone who comes into contact with a bailiff.
The book is easy to understand and clearly explains the rights
a bailiff has, and also what they cannot do when collecting debts and repossessing goods etc.
Not sure if this is the plcae to post but was wondering what banks etc had passed on the recent 1.5% cut. I am with Platform and the so far have heard nothing ( am hoping its just a bit slow ) We saw no benefit from the previous 0.5% cut either.
Anyone else have any joy or is anyone else in the same boat?
I think most people are in the same boat - as a lot of mortgages are calculated on the inter-bank lending rate (libor), this rate has not dropped the same way as the base rate due to the awful state of the economy.
Also most mortgage companies using libor only review their rates every 3 months, so even with the predicted drop on libor, it will take a while to filter through I am afraid.
My mortgage is libor + loads, and I had a rate cut in september - amounting to a whopping £12! Not even enough to cover the WEEKLY extra cost of my groceries
So as far as I know the next cut on libor, if there is one, will be announced in december.
Furthermore, sadly, the banks are not obliged to pass on cuts to the base rate - it may be recommended, but unless something drastic happens, they cannot be forced to concur.
Just my opinion, based on lots of reading lately, due to the dire state of my finances; so if I am wrong then I am sure someone will clarify/rectify, and I will stand corrected.
Interst rate cut!
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