Cost of living squeeze in 2022, 23 & 24 (Vol. 2)
Discussion
carreauchompeur said:
Home insurance…
…is this yet another inflation busting rise that I should suck up, or just a bit of renewal gouging? £140 to £200
I am in the same boat; from £127 to £200 for 2024. LV, and I made no claims across a number of insurers for 25 years. One exception was that I made a claim on the NHBC warranty when the porch detached from the main building. …is this yet another inflation busting rise that I should suck up, or just a bit of renewal gouging? £140 to £200
Scrump said:
The cost of living squeeze continues into 2023, will it still be there in 2024?
Continued from here:
https://www.pistonheads.com/gassing/topic.asp?h=0&...
Yes at least for crisps and insurance. Continued from here:
https://www.pistonheads.com/gassing/topic.asp?h=0&...
119 said:
Supermarkets recording bumper sales in the lead up to Christmas since 2019 and mortgage lenders cut rates so things are looking up for the start of 2024 hopefully!
Hopefully 
Although, how many people (as a % of mortgage holders) are on old low fixed rates and need to pick a much higher deal in the near / nearish future? Whilst it's good that it's not as eye watering as last year, it's still a decent chunk.
johnboy1975 said:
Hopefully
Although, how many people (as a % of mortgage holders) are on old low fixed rates and need to pick a much higher deal in the near / nearish future? Whilst it's good that it's not as eye watering as last year, it's still a decent chunk.
Would guess this next 6 months is the last of the cheap deals for those who always did 2 year deals. I got one of the last cheap 5 year deals and it’s got 3.5 remaining so has I done a 2 I’d be on the plate soon… not sure what proportion of borrowers take 2 vs 5 mind. Although, how many people (as a % of mortgage holders) are on old low fixed rates and need to pick a much higher deal in the near / nearish future? Whilst it's good that it's not as eye watering as last year, it's still a decent chunk.
I’ve seen it mentioned across several platforms that 1.5m mortgages will reach the end of their fixed term in 2024.
Mentioned in this link but no citation.
https://www.bbc.co.uk/news/business-67873017
Mentioned in this link but no citation.
https://www.bbc.co.uk/news/business-67873017
johnboy1975 said:
Hopefully
Although, how many people (as a % of mortgage holders) are on old low fixed rates and need to pick a much higher deal in the near / nearish future? Whilst it's good that it's not as eye watering as last year, it's still a decent chunk.
Me! Mine expires at the end of March. Got a 5 year fixed at 4.8% locked in to start then which is an increase from the 2.4% we are on now. Even if there is a drop I doubt we will be back at the levels we saw pre covid.Although, how many people (as a % of mortgage holders) are on old low fixed rates and need to pick a much higher deal in the near / nearish future? Whilst it's good that it's not as eye watering as last year, it's still a decent chunk.
fiatpower said:
Me! Mine expires at the end of March. Got a 5 year fixed at 4.8% locked in to start then which is an increase from the 2.4% we are on now. Even if there is a drop I doubt we will be back at the levels we saw pre covid.
Yeah I locked mine from the 1st Jan at 4.8% from Nationwide for 2 years, up from 2%. It looks like rates will drop a bit further now but probably wouldn't have made a huge difference anyway to my payment as the loan remaining is quite small.gregs656 said:
119 said:
Supermarkets recording bumper sales in the lead up to Christmas since 2019 and mortgage lenders cut rates so things are looking up for the start of 2024 hopefully!
That surprises me. I was back in the UK over Christmas and the shops seemed quiet. MesoForm said:
gregs656 said:
119 said:
Supermarkets recording bumper sales in the lead up to Christmas since 2019 and mortgage lenders cut rates so things are looking up for the start of 2024 hopefully!
That surprises me. I was back in the UK over Christmas and the shops seemed quiet. scenario8 said:
I’ve seen it mentioned across several platforms that 1.5m mortgages will reach the end of their fixed term in 2024.
Mentioned in this link but no citation.
https://www.bbc.co.uk/news/business-67873017
Full data.. all uk (regulated) mortgages.Mentioned in this link but no citation.
https://www.bbc.co.uk/news/business-67873017
https://airdrive-secure.s3-eu-west-1.amazonaws.com...
MesoForm said:
gregs656 said:
119 said:
Supermarkets recording bumper sales in the lead up to Christmas since 2019 and mortgage lenders cut rates so things are looking up for the start of 2024 hopefully!
That surprises me. I was back in the UK over Christmas and the shops seemed quiet. scenario8 said:
I’ve seen it mentioned across several platforms that 1.5m mortgages will reach the end of their fixed term in 2024.
Mentioned in this link but no citation.
https://www.bbc.co.uk/news/business-67873017
As a large number of people are on fixed rates, and have been for a goodly number of years now, then it stands to reason that in any given time period X, Y people's fixed term mortgage will come to an end.Mentioned in this link but no citation.
https://www.bbc.co.uk/news/business-67873017
And yet, without fail, the media trot it out as if it's some kind of staggering revelation that no one has ever seen occur before.
Deesee said:
scenario8 said:
I’ve seen it mentioned across several platforms that 1.5m mortgages will reach the end of their fixed term in 2024.
Mentioned in this link but no citation.
https://www.bbc.co.uk/news/business-67873017
Full data.. all uk (regulated) mortgages.Mentioned in this link but no citation.
https://www.bbc.co.uk/news/business-67873017
https://airdrive-secure.s3-eu-west-1.amazonaws.com...
https://data.london.gov.uk/dataset/financial-condu...
Shows type of mortgage and expiry.
snuffy said:
scenario8 said:
I’ve seen it mentioned across several platforms that 1.5m mortgages will reach the end of their fixed term in 2024.
Mentioned in this link but no citation.
https://www.bbc.co.uk/news/business-67873017
As a large number of people are on fixed rates, and have been for a goodly number of years now, then it stands to reason that in any given time period X, Y people's fixed term mortgage will come to an end.Mentioned in this link but no citation.
https://www.bbc.co.uk/news/business-67873017
And yet, without fail, the media trot it out as if it's some kind of staggering revelation that no one has ever seen occur before.
snuffy said:
scenario8 said:
I’ve seen it mentioned across several platforms that 1.5m mortgages will reach the end of their fixed term in 2024.
Mentioned in this link but no citation.
https://www.bbc.co.uk/news/business-67873017
As a large number of people are on fixed rates, and have been for a goodly number of years now, then it stands to reason that in any given time period X, Y people's fixed term mortgage will come to an end.Mentioned in this link but no citation.
https://www.bbc.co.uk/news/business-67873017
And yet, without fail, the media trot it out as if it's some kind of staggering revelation that no one has ever seen occur before.
Louis Balfour said:
MesoForm said:
gregs656 said:
119 said:
Supermarkets recording bumper sales in the lead up to Christmas since 2019 and mortgage lenders cut rates so things are looking up for the start of 2024 hopefully!
That surprises me. I was back in the UK over Christmas and the shops seemed quiet. Gassing Station | News, Politics & Economics | Top of Page | What's New | My Stuff