Quote:
Originally Posted by Chris
Having taken out a five-year fix this time last year, my smug-level is off the scale right now, though it is tempered by the knowledge that this is going to royally screw over a lot of people. I’m old enough to remember the news in the 1980s when similar events ruined a lot of people though thankfully not old enough to have had to have navigated it myself.
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Having paid off my mortgage last year, I'm even smugger. Our deal ended last year and I didn't like what was on offer, so we raided every account and any other thing we had.
Like wise I remember the early 90's, but more recently I remember pre-2008.
The problem is we have had too low interest rates for too long.