Historic Rates Download

D1zzy

Came across this Excel download courtesy of Halifax research - which gives, among other things, historic comparisons of mortgage; base and savings rates with the equivalent rates adjusted for RPI.
http://www.lloydsbankinggroup.com/media1/research/economic_factbook.asp

It makes interesting reading (Table 5)

... even in what we thought were the good times savers were running to stand still

Lokolo

Nice one, pretty interesting.

Even with high inflation I wouldn't mind the 80s rates!

D1zzy

Lokolo wrote: »

Nice one, pretty interesting.

Even with high inflation I wouldn't mind the 80s rates!

I was there - unfortunately trying to pay a mortgage so no savings

However -as I am now mortgage free, bring on the inflation
-oh except that my kids will then not be able to pay their 14% morgages - so guess where any winnings will go :rolleyes:

gt94sss2

D1zzy wrote: »

I was there - unfortunately trying to pay a mortgage so no savings

However -as I am now mortgage free, bring on the inflation
-oh except that my kids will then not be able to pay their 14% morgages - so guess where any winnings will go :rolleyes:

If you think about it, you'll realise that the best time for inflation to occur is when you owe money/mortgages and the best time for it not to occur is when you have savings.. - so I would say, you got your timing right!

Regards
Sunil

zedyy

Thanks for the Excel document.

Does anyone know what programme estate agents use to find the cheapest (at the current period in time) mortage that will suit you? I recently asked my estate agent / mortgage advisor but she refused.

D1zzy

gt94sss2 wrote: »

If you think about it, you'll realise that the best time for inflation to occur is when you owe money/mortgages and the best time for it not to occur is when you have savings.. - so I would say, you got your timing right!

Regards
Sunil

That's not what the figures tell me -
Best "real" savings return taking into account inflation in the 80s when mortgage rates were at their highest (hence no savings) - so If I'd had no mortgage I'd 've been laughing.......
....................but then maybe I need to study the numbers more