Thursday 2 April 2009

Q. When Is A Flexible Mortgage Not A Flexible Mortgage?



A. When it's a One account. 

Marion and I took out a super Virgin One account mortgage about nine years ago now. It was for £145,000 and it's supposed to be repaid in 2015. The beauty of the one account mortgage is that it's flexible and you can borrow up to your limit whenever you want to. So, if you want to go on holiday, put it on the mortgage. New car? On the mortgage. House alterations? You get the picture. Anyway Marion and I have been merrily using this flexibility for the last nine years and, naturally, have only paid a little bit off said mortgage which now stands at about £120,000. You can imagine my surprise the other day when a letter arrived from the nice One Account people claiming we were over £50,000 in arrears and what were we going to do about it? I had a nice chat with them on the phone (with Marion throwing things about in the background just to make sure that they got the message) and they seem OK about it. But what's the point of telling you that you can use an account to a limit whenever you want and then start lecturing you when you do just that?



I've just been doing an analysis of the March sales figures and they make very interesting reading. We shipped 7% fewer boilers in March 2009 than we did in March 2008 but ,curiously, we actually invoiced 6.6% more in cash terms. This was due partially to the January price increase but also to the product mix which now includes a higher proportion of Under Counter and higher value products instead of being concentrated around the the value sector only. We'll be paying most of the bills on Friday 3rd April which is not bad.Lincat publish their accounts today so I will be checking out their website later to have a look how they did in 2008. As one of the biggest players in the industry they should be a gauge.




Orange Wednesday last night and "The Boat That Rocked". It's an enjoyable bit of fluff with a good soundtrack for anyone over 50. Lots of memories of 60's life but viewed very much through the typical Curtis rose coloured spectacles and with all the Curtis trademarks like the split multi image screens and plot twists that are telegraphed a mile away but are no less lovable for that. A bit worried about the number of sitting on the lavatory scenes. Is Richard turning into a closet fetishist?



Meanwhile things are moving apace with the literature for the sous vide equipment. One of our best dealers has shown a lot of interest and asked lots of questions about stuff that we didn't think of putting in the brochure so that has been a big help and means that we will probably be giving you more info in this literature than we have ever done before. The photos are finished and Peter Raymond has done another excellent job. Here is another link to his 
website



I told you Charlie Brooker was good. On Tuesday he was awarded Newspaper Columnist Of The Year at the British Press Awards. His writing never fails to raise a laugh. Check it out  by visiting 
here and searching for Charlie Brooker. I realised that in my recent praise of the Guardian and Observer I only mentioned male writers. To redress the balance I would also strongly recommend Lucy Mangan, Kathryn Flett, Barbara Ellen and Victoria Coren. Listing all these makes me appreciate what a sense of humour these newpapers have.

And talking of a sense of humour, I couldn't help but like this lad.



Which leads me seamlessly to finish today with this.




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