Hilly
Member
- Location
- Scottish Borders.
Mine said anything below 500k anything more would be treat differently ie lot less
O/d interest rates
- Thread starter nelly55
- Start date
Which bank?
Jon 3085
Member
- Location
- Worcester, UK
- Location
- South Wales UK
Legal Robbery.
This is HSBC
This is HSBC
- Location
- East yorks
Commercial or private?
- Location
- South Wales UK
Private but effects right through sector and thats approved arranged Overdraft facilities?
- Location
- Cumbria
The Banks are a bunch of bandits, one thing I think we all agree on, long gone are the days of an experienced bank Manager who knew you and you're abilities and the risk you posed. At the same time many have been helped by Banks, however that is history.
So, the current base rate is 0.75%, so what a great time to borrow money, short or long-term loans are very attractive.
Having strong liquidity for any business is important, so why not make short term loans instead ?
It appears that's what they want us to do.
So, the current base rate is 0.75%, so what a great time to borrow money, short or long-term loans are very attractive.
Having strong liquidity for any business is important, so why not make short term loans instead ?
It appears that's what they want us to do.
- Location
- South Wales UK
Loans and more commission for them!
- Location
- Cumbria
- Location
- Montgomeryshire
You will only pay an arrangement fee at the beginning of the loan though, not annually, as is the case with ODs
- Location
- South Wales UK
Who is that with?
- Location
- somerset
the banks are now run by 'business' men, whose sole aim is to double, or triple their annual bonus, they have schemed to, as has been proved over time, to basically con money out of us, PPI, etc, has led to £billions having to be repaid, they have, of course, not paid those bonuses back, so they have to be 'reworked', and the o/d is the latest scam, allowed by the gov, trying to halt the massive costs, the banks have been hitting the gen public with, not the result they expected ! I did see, the BOE, was saying, this was not the right response. Now doubt, banks will keep hitting us, until they are ordered not to. In reality, they are a load of greedy barstewards, only interested in profit, not ethics. Boris will not get his increased industrial growth, if one cannot borrow money, to expand, at a reasonable rate.
- Location
- Cumbria
HSBC
- Location
- Scot Borders
Wr have a dedicated agri manager at CB who completely gets farming. Can’t fault them at all.
We do have a big mortgage though
- Location
- South Wales UK
One hand does/ says one thing and other hand does/ says something else??
Same firm??
- Location
- Cumbria
I agree, however the reality is Agriculture is small fish, however very secure fish and in many cases the bed-rock of a lenders balance sheet. The only real risk is land values falling significantly.
UK Agriculture is low risk lending because as a % of assets borrowed, we are way below our EU neighbours.
However large-scale long-term projects is where the real money is, with lenders charging double digit interest pa after inflating risk. HS2 is a lenders dream. there will be more penalties than you can shake a stick at. PFI was another cash cow costing up to 20 time more than what the actual cost would have been if you'd built and paid for it. Maybe we will see interesting Bond rates when HS2 steps up a gear.
Hilly
Member
- Location
- Scottish Borders.
Lloyd’s
Hilly
Member
- Location
- Scottish Borders.
Yes but if your using the loan as overdraft it might need to be renewed annually ?
- Location
- Cumbria