IMF says UK faces five more years of high interest rates

[Nearly Sane]

Of course, they aren't really that high in historic terms but in the tiddly up up and tiddly down down world more recent history the effects are significant on people if not inflation.

https://www.bbc.co.uk/news/business-67056069

[jeremyp]

The difference between the not historically high interest rates now and the same not historically high interest rates when I bought my first house in 1992 is that house prices are much higher now relative to average wages.

[Sebastian Toe]

I bought my first property in 1979.
Check that year for interest rates!

[jeremyp]

I bought my first property in 1979.
Check that year for interest rates!

Did you buy your house before or after Thatcher raised them to 17%?

I can't imagine  that. When Lamont briefly raised them to 15% I thought I was going to lose my house and my job as a result.

[Sebastian Toe]

Did you buy your house before or after Thatcher raised them to 17%?

I can't imagine  that. When Lamont briefly raised them to 15% I thought I was going to lose my house and my job as a result.

Before.
Actually I wasn't affected as much because I worked in Finance and our staff mortgage rates were lower, much lower!
IIRC we had a graduated set of rates of which the top one was around 7% then.