Hi StiltonWhen someone with expertise makes an effort to to put forward a different view
I guess this is aimed mainly at me, and I fully realise I come across as arrogant on this thread. I'd be more than tempted to report myself under normal circumstances.When someone with expertise makes an effort to to put forward a different view which may help others I don't see why they should be ridiculed.
Sorry, I didn't make any calculations. I used what I thought were yours, but you only gave little bits and pieces, but I didn't interpret them the way you expected. You didn't give any data that would help to perform proper calculations. You'll know that already. What you've posted makes no sense.I've corrected your calculations in my post.
Thanks BrendanHi Megafan
It's very easy to understand mortgages. They are not that complicated.
The banks do not write down mortgages as a matter of course.
The increase the balance by the addition of interest.
They reduce the balance whenever a repayment is made.
However, as it's the custom and practice to keep mortgage payments constant over the life of the mortgage, people get confused.
That's a different conversation altogether.to see if there was anything that could be added to the conversation of value..
Hi TomTom,I feel very strongly that ordinary people in Ireland, the UK (with the GRG scheme) and the USA are being hookwinked by a banking industry. The Central Banks have not yet demonstrated they are on the side of the people in any of these jurisdictions.
In the tracker appeal I have seen how the banks are engineering to minimise their exposure, which is their right.
You're right Brendan that it will take a High Court ruling or possibly an Ombudsman decision to test this. I must admit I expected a different response having posted what I have, but realise you may have experience of basement keyboard have a go heroes.
RedOnion - I'm unsure why the Parnter would 'go to the papers' when I am the one who discoverd this and funded an independent expert to prove the method. I have explained things simply, and given some background, I cant help if you dont believe me. I can do nothing about that. People will make up their own minds.
Perhaps I was naive in thinking to bring it to peoples attention on an internet message board. In the last 24 hours both you and Brendan have effectively called me a liar and untrustworthy.
I've corrected your calculations in my post.
Brendan, I've never posted to this board before this last week. I've been stuck in Ireland since COVID 19 lockdown and felt I should share to help people. I've not offered any pseudo legal advice. Can you send me a PM with a link, thats worrying.