Interest rate rise

[TH63]

At the risk of sounding like a character from the Monty Python sketch, eeeh, thee had it soft lad. When I were a lad and had my first mortgage the rate reached 18% (early 1980's).

Early 80’s? Pah! You were lucky!
Bought my first house in 1990 with average house prices double what they were in 1980, with a 16% endowment mortgage. That went well.

[Gofer Blue]

Early 80’s? Pah! You were lucky!
Bought my first house in 1990 with average house prices double what they were in 1980, with a 16% endowment mortgage. That went well.

Tell me about it! The house I bought cost £18,000. Just 9 years earlier it had sold for £3000!