Omega Owners Forum
Chat Area => General Discussion Area => Topic started by: Field Marshal Dr. Opti on 21 September 2023, 12:11:42
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5-4.
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Only really makes a difference to mortgage payers, I think savings rates have just about peaked.
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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.
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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. ::) ::) ::) :)
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There are a good few accounts paying near enough the rate of inflation now, best buy tables on money saving expert.
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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.
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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.
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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 ;D ::). Given the average UK house price is £290k, I'd guess the average mortgage payment is about £1,000.
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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 (https://www.which.co.uk/news/article/whats-happening-to-the-cost-of-renting-in-london-aYIiG6p79pW3)
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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! :o
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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.
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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.