Quote Originally Posted by bobh View Post
When I first bought my flat in 1979, rates were double figures.
When I moved to Cardiff in '87, I got a fixed 10" - and rates jumped to 16% in the following years.
I remortgaged in 92(?) after Black Wednesday when rates plummeted.
Pretty sure my first mortgage was at 16%, could only afford it as I had cash back from Barrats for first 2 years and a tapered payment schedule for endowment. Was paying over twice as much per month on £40k than I do now for £70k, but now owe less than £10k so not really an issue.