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[Mr Skrunts]

Just come accross an old bank statement.

[Doctor Gollum]

Blimey 2.5% a year

About 2.6% more than today...

[Field Marshal Dr. Opti]

Bought a house in 1990 when the mortgage rate was 15%.

I actually opted for a 100%  mortgage which pushed the rate to 16.5% for the first year.

Used the deposit to buy a Yamaha FJ1200.......see how sensible I am.

[redelitev6]

Bought a house in 1990 when the mortgage rate was 15%.

I actually opted for a 100%  mortgage which pushed the rate to 16.5% for the first year.

Used the deposit to buy a Yamaha FJ1200.......see how sensible I am.

I remember those days , bought our first house for the grand sum of £27k !

[Andy B]

Bought a house in 1990 when the mortgage rate was 15%.

I actually opted for a 100%  mortgage which pushed the rate to 16.5% for the first year.

Used the deposit to buy a Yamaha FJ1200.......see how sensible I am.

I remember those days , bought our first house for the grand sum of £27k !

Similar
Bought 3 bed semi in 1989 for £25000 and sold it 5 years later for £50k Mortgage was around £450 a month

Things have gone up a bit ..... this was from a local paper in the late 30's  (I missed the date when I photo's it ... 37? 38?) and just 5% deposit 

[Field Marshal Dr. Opti]

£480 for a new house in the late thirties.

Probably bombed to shit by those pesky Germans a few years later.

Most people rented at this time.

[Mr Skrunts]

Just looked at my Yorkshire building Society hisy int rates.

05 Apr 2020   0.10%   General rate change
21 Jun 2019   0.50%   General rate change
14 Dec 2017   0.75%   General rate change
31 Mar 2017   0.50%   General rate change
23 Nov 2016   0.60%   General rate change
02 Sep 2016   0.75%   General rate change
02 Aug 2016   1.00%   General rate change
14 Jul 2014   1.24%   General rate change
16 Sep 2013   1.49%   General rate change
04 Mar 2013   1.64%   General rate change
29 Mar 2009   2.08%   General rate change
22 Feb 2009   2.72%   General rate change
01 Feb 2009   3.20%   General rate change
28 Dec 2008   3.69%   General rate change
30 Nov 2008   4.41%   General rate change
02 Nov 2008   5.37%   General rate change
27 Apr 2008   5.56%   General rate change
02 Mar 2008   5.60%   General rate change
30 Dec 2007   5.84%   General rate change 

[Field Marshal Dr. Opti]

Just looked at my Yorkshire building Society hisy int rates.

05 Apr 2020   0.10%   General rate change
21 Jun 2019   0.50%   General rate change
14 Dec 2017   0.75%   General rate change
31 Mar 2017   0.50%   General rate change
23 Nov 2016   0.60%   General rate change
02 Sep 2016   0.75%   General rate change
02 Aug 2016   1.00%   General rate change
14 Jul 2014   1.24%   General rate change
16 Sep 2013   1.49%   General rate change
04 Mar 2013   1.64%   General rate change
29 Mar 2009   2.08%   General rate change
22 Feb 2009   2.72%   General rate change
01 Feb 2009   3.20%   General rate change
28 Dec 2008   3.69%   General rate change
30 Nov 2008   4.41%   General rate change
02 Nov 2008   5.37%   General rate change
27 Apr 2008   5.56%   General rate change
02 Mar 2008   5.60%   General rate change
30 Dec 2007   5.84%   General rate change 

Yep.....SFA for savers at the moment. And any bank with the name 'Yorkshire' is bound to be even more tight.

[Mr Skrunts]

Was the same for the Santander 123, good interest rates to get going but still better than some I suppose.

I got cheeky.

Comms etc pays 3% payback. Gas and leccy pays 2%

I pay as much as I can and get the cash back and claim the excess back once a year. 2% on £150 a month is a nice little earner, dont get that with the bank.

[Doctor Gollum]

Was the same for the Santander 123, good interest rates to get going but still better than some I suppose.

I got cheeky.

Comms etc pays 3% payback. Gas and leccy pays 2%

I pay as much as I can and get the cash back and claim the excess back once a year. 2% on £150 a month is a nice little earner, dont get that with the bank.

If you put £1,800 a year straight* into utilities, what would your returns be? More than 2%  I would wager...

This is essentially what you are doing by overpaying, only the cash back makes it sound like they're doing you a favour...

[Andy B]

£480 for a new house in the late thirties.

Probably bombed to shit by those pesky Germans a few years later.

Most people rented at this time.

All still standing .... 

[Viral_Jim]

Bought a house in 1990 when the mortgage rate was 15%.

I actually opted for a 100%  mortgage which pushed the rate to 16.5% for the first year.

That would certainly put the wind up a few nowadays.

Back of a fag packet calculation I reckon that would make my mortgage interest about about £5k/yr more than my salary! 

[Andy B]

Was the same for the Santander 123, good interest rates to get going but still better than some I suppose. ...

Santander used to pay 1% interest on account balances of over £1000, 2% on balances of over £2000 & 3% over £3000 .... that was back when I was lucky to have £1k in the bank at all. Now that I have a little more, Santander are paying next to SFA on their accounts. And the last email from them was to tell me that their monthly account fee is going up! 

[Andy B]

Bought a house in 1990 when the mortgage rate was 15%.

I actually opted for a 100%  mortgage which pushed the rate to 16.5% for the first year.

That would certainly put the wind up a few nowadays.

Back of a fag packet calculation I reckon that would make my mortgage interest about about £5k/yr more than my salary! 

There are loads of younger lads at work that have mortgages of £silly amounts ..... they'd be jumping off the roof of the factory if they'd to pay £16.5 interest rates.

[Entwood]

We bought our house in August 1978 for £13300 with a mortgage rate of 8% .. 2% above the base rate of 6% ........  by November 1979 the rate was 19% .. 2% above the base rate of 17%  .....   

The mortgage repayments were £27 MORE then my RAF monthly salary !! and Chris had lost her job .... (and then there were all the other standing orders as well) .... my parents lent me money every month. .... we came very close to "giving up" and moving back into "quarters" ... some of the "older" guys told us to hang in there until the 1979 pay rise was announced .... the year the labour government tried to "buy" the forces vote ... and failed as Maggie got in in the May election ... but  labour gave me a pay rise from £599.40 a month to £676.80 and we survived, in June Chris eventually got a job then ... in September 1979 I also got promoted and my pay leapt to  £720.86 a month ... we started to actually live !!