Originally Posted by
TURIN
1988. Interest went up to about 15.5%. My mortgage interest alone went up to about 110% of my total income! That was fun.
Ditto. I bought my first in 1984. 15% interest rate. Everyone said go for the absolute max you could afford. For my first few months I had no spare money and basically survived on baked potatoes from a large sack that cost me £2.50, an old fridge that cost me £5, and cheap, basic furniture from the 2nd hand furniture shop.
Things got better though. Eventually.