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| big_D wrote: I think Rates were 17 - 18% when I bought my house in Southampton. | |
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same - we bought our house at 15% and then they shot up the next day to 17% when (i thinkl) Norman Lamont tried to defent the £ within the ERM
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| Households braced for first rise in borrowing costs http://www.x404.co.uk/forum/viewtopic.php?f=19&t=22150 |
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| Author: | pcernie [ Fri Jun 13, 2014 3:54 pm ] |
| Post subject: | Households braced for first rise in borrowing costs |
http://www.theguardian.com/business/201 ... rest-rates I imagine it'll be slow and steady when it does eventually rise, madam. |
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| Author: | big_D [ Fri Jun 13, 2014 9:00 pm ] |
| Post subject: | Re: Households braced for first rise in borrowing costs |
I think Rates were 17 - 18% when I bought my house in Southampton. |
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| Author: | hifidelity2 [ Fri Jun 13, 2014 10:38 pm ] | |||||||||
| Post subject: | Re: Households braced for first rise in borrowing costs | |||||||||
same - we bought our house at 15% and then they shot up the next day to 17% when (i thinkl) Norman Lamont tried to defent the £ within the ERM |
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| Author: | TheFrenchun [ Sat Jun 14, 2014 6:33 am ] |
| Post subject: | Re: Households braced for first rise in borrowing costs |
It won't help with the fact that thousands of flats across the UK are being bought cash by foreign investors who will never set foot in the country. All it's going to do is price out UK residents even more. Sent from my iPhone using Tapatalk |
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| Author: | l3v1ck [ Sat Jun 14, 2014 8:12 am ] |
| Post subject: | Re: Households braced for first rise in borrowing costs |
I hope the rates don't go up before we renew in October. |
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| Author: | pcernie [ Tue Jun 17, 2014 3:04 pm ] |
| Post subject: | Re: Households braced for first rise in borrowing costs |
http://m.bbc.co.uk/news/business-27884113 |
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| Author: | paulzolo [ Wed Jun 18, 2014 1:42 pm ] | ||||||||||||||||||
| Post subject: | Re: Households braced for first rise in borrowing costs | ||||||||||||||||||
Certainly, when I was working at the DHSS in the 1980s and we had to do mortgage calculations, were were processing rates of 15% upwards. Savings were getting a good 10% return. |
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| Author: | jonbwfc [ Wed Jun 18, 2014 3:20 pm ] | |||||||||
| Post subject: | Re: Households braced for first rise in borrowing costs | |||||||||
Black Monday. I remember I was a student at the time, we kind of weren't paying attention to it but I remember the staff were somewhat distracted that day. |
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| Author: | pcernie [ Wed Jun 18, 2014 3:30 pm ] | |||||||||
| Post subject: | Re: Households braced for first rise in borrowing costs | |||||||||
Black Wednesday? 
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| Author: | jonbwfc [ Wed Jun 18, 2014 6:16 pm ] |
| Post subject: | Re: Households braced for first rise in borrowing costs |
Yup. I was a student for Black Monday too which is why I had them confused. Bookended my further education  .
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