Old papers just discovered.

I have a file from when I worked at a Bank and applied for a mortgage on our first house. This was in 1979. It was a 2 bed semi for £11,500. I was only granted the mortgage if it was in my husbands name 🙄.
I can’t remember the interest rate but it was at staff rates….4% sounds correct.

In 1998 I think mortgage interest rates reached 15% or there abouts . Am I correct ?

Sorry I should have said 1988

We bought our first house in 1976, for £13000. I’m almost sure the interest rate was 13%

We bought our first flat in 1975. The bank wouldn’t take my wages into consideration towards the mortgage as I was “only”a woman. We could borrow 3.5 times my husband’s salary (which wasn’t much!)

I remember at some point the interest rates reached 17% once I was a SAHM

We bought in 1968. Paid £5950 with a mortgage of £5,600. The inteerst rate went over 7.0% before we completed and never got that low again until the late 1990s. It fell to 4% a year or so before our last of several mortgages was paid off in 2003

We got a mortgage of 3.5 DH;s income and half mine. I think that was because I was a graduate.