The average house price at the start of 1998 was £62,000, and interest rates were 7%, so the interest on an average mortgage with a 25% deposit (hardly that unusual back in those days) would have been just over £60 a week.
Easy to spend £60 a week on food I reckon. I probably used to before I decided it wasn't good value for money and cut back and started cooking more.
Re: Do you want to see my amusing graph?
The average house price at the start of 1998 was £62,000, and interest rates were 7%, so the interest on an average mortgage with a 25% deposit (hardly that unusual back in those days) would have been just over £60 a week.
Easy to spend £60 a week on food I reckon. I probably used to before I decided it wasn't good value for money and cut back and started cooking more.