Re: Slight Spolier for Monday 11th - Dramatic Irony

While spitting out some home-made cheese, I heard rf10@xxxxxxxxxxxx
(Robin Fairbairns) say

Serena Blanchflower <nospam@xxxxxxxxxxxxxxxxxx> writes:
* Marjorie wrote, On 18/02/2008 16:59:
I can't remember - if indeed I ever knew - what we were told (or even
what we speculated) was happening when the house was first on the
market. Wasn't there some suggestion that Annabelle might be buying it?
and could this be the reason that it's gone back on the market now that
she and Matt are not looking like having the relationship Matt was
hoping for?

I think that was only umratic speculation. We have been told, since
then, that it was being bought by London weekenders who sounded quite
keen as someone in the village, I forget who, met them at some point.

i had assumed that it was a member of archers anonymous^w addicts.
whoever it was met them at some do at pebble mill mk2.

We haven't, of course, been told why they pulled out but Will seemed
to blithely assume that it was because of interest rates going up,
when Nic asked him if there might be a problem with the house.

that's a bit silly. interest rates are going down, just now. (we
even had a letter from our building society last week, saying our
mortgage was following the rate that the bonk of england sets.)

<snip>

According to Robert Peston, the BBC Finance correspondent with the
funny voice, the Northern Rock nationalisation may send mortgage rates
(as opposed to BoE base rate) up.

The government will want to reduce the number of mortgage holders with
Northern Rock, so it will deliberately raise the NR mortgage rate, to
persuade people to switch to other mortgage providers. However, so
the theory goes, other providers are likely to follow Northern Rock's
example - it is such a large lender that the market tends to copy
whatever it does.

This in turn will tend to increase the headline rate of inflation (the
one that does include mortgage costs) and reduce the chances of
further cuts in the BoE base rate.

At least, that's what Peston thinks.
--

My e-mail address is invalid. Use "tony" "at" "gardner214" dot "freeserve" dot "co" dot "uk"
.

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