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[Field Marshal Dr. Opti]

5-4.

[STEMO]

Only really makes a difference to mortgage payers, I think savings rates have just about peaked.

[Field Marshal Dr. Opti]

Only really makes a difference to mortgage payers, I think savings rates have just about peaked.

I'm pleased to say I don't have a mortgage any more. Which helps financially.

I heard the other day that the average rent in the UK is currently £1300 PCM. This seems excessively high but I imagine it takes into account the cost of renting in London.

I doubt the average mortgage is anything like £1300.

[Field Marshal Dr. Opti]

Only really makes a difference to mortgage payers, I think savings rates have just about peaked.

The banks are 'supposed' to pass on any rate rise to savers.

Banks seem  a decent sort  so I'm sure they do exactly that.

[STEMO]

There are a good few accounts paying near enough the rate of inflation now, best buy tables on money saving expert.

[Mr Skrunts]

I managed to squirel away a couple of bob @6% a few weeks ago and I think they have since dropped the rate since.

Rates were good a few years ago, but doubt they will return in the near future at least.

[Rangie]

Only really makes a difference to mortgage payers, I think savings rates have just about peaked.

I'm pleased to say I don't have a mortgage any more. Which helps financially.

I heard the other day that the average rent in the UK is currently £1300 PCM. This seems excessively high but I imagine it takes into account the cost of renting in London.

I doubt the average mortgage is anything like £1300.

Pleased to say that we're in the " same boat" prefer to receive interest rather than pay it.

[Viral_Jim]

.

I doubt the average mortgage is anything like £1300.

Mine is £1375 ish. That was on a £360k place with a post-divorce sized deposit  . Given the average UK house price is £290k, I'd guess the average mortgage payment is about £1,000.

[Field Marshal Dr. Opti]

I was wrong. It seems £1300 PCM will only get you a KFC chicken box to live in London.

https://www.which.co.uk/news/article/whats-happening-to-the-cost-of-renting-in-london-aYIiG6p79pW3

[Andy B]

....
 Given the average UK house price is £290k, ....

we were in Whitstable the other day ... property prices around there must bring a tear to the eye of any 1st time buyer. £Half-a-million plus for a terrace! 

[Viral_Jim]

Yes, as is often the case, 'average' tells you basically bugger all about the actual state of the market.

I guess round here (Telford) we're pretty close to average. Flats from £90-100k, 2 bed houses from £150k up to £500-700k for the biggest places in the "poshest" parts of town. Not that anywhere here is posh.

[BazaJT]

Less than a 5 minute walk from the town centre there is a corner terrace[admittedly not in the best area]that's been converted to two flats each with its own garage at the back on sale @£65,000 or for those with deeper pockets in a much better area there is a 5 bedroom detached with large garden plus a two bedroom bungalow also with a decent garden on sale at £700,000 the lot and comes complete with planning permission to demolish both properties and build 15 houses on the plot.