Cost of living crisis

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dasnutnock3
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Re: Cost of living crisis

Post by dasnutnock3 »

SammyLeeWasOffside wrote: Tue Jan 24, 2023 11:21 am Must be the extension and new swimming pool you put in lol
Only change we made was new patio doors, with improved locks & insulation. Robbing ****s.
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Johnny Byrne's Boots
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Re: Cost of living crisis

Post by Johnny Byrne's Boots »

bubbles1966 wrote: Tue Jan 24, 2023 11:29 am My car and home insurance both went down in October. Direct Line, I think, if that's any use to anyone.
Same here, Direct Line for me too.
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Re: Cost of living crisis

Post by bubbles1966 »

This perhaps answers the earlier question about car insurance premiums going up - it's linked to cost of repairs going up by the sound of it: https://www.cityam.com/london-motorists ... ums-surge/
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mumbles87
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Re: Cost of living crisis

Post by mumbles87 »

Clacton-ammer wrote: Tue Jan 24, 2023 11:24 am You done well Sammy, everyone I know from personal & business are seeing increases from 15 to 40%.

Apparently, lots more claims over the last 12 to 18 months, plus business costs have risen significantly as we all know, add in Ukraine conflict for business Insurance due to the supply chain problems all adds to the flavour.....
Do not forget that some do gooder felt that a few pensioners being ripped off at renewal (for not shopping around) was cause enough to change the system so existing customers get the same deal as new customers

Yay now we all get ripped off

Last year I paid £460 for the Corsa and 620 for the seat with £50 excess on each

This year renew came in at £750 and 850 lol with excess increased to £150

Compare the meerkat could only get it down to £650 and £720

Admiral I used to pay £1400 for 2 cars and the house. They wanted £2000 just for cars ahahaha not a chance.

Nothing changed from last year. No extra claims etc

We both mid 30s , zero points. 1 Accident (learner hit me 2019) 12 and 5 years no claims discount

But we all know car insurance is legalised theft
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dasnutnock3
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Re: Cost of living crisis

Post by dasnutnock3 »

Johnny Byrne's Boots wrote: Tue Jan 24, 2023 11:35 am Same here, Direct Line for me too.
DL wanted £890 for buildings & contents. Went with the co op for £279, which felt expensive enough.
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Re: Cost of living crisis

Post by Jonah »

Yep, I ended up staying with Admiral, the renewal was £150 more. Thought to myself nahhh I can better that easily. Everywhere else coming in at least £200-£400 more, even with more excess.
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SammyLeeWasOffside
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Re: Cost of living crisis

Post by SammyLeeWasOffside »

Our car(s) insurance went down this year as well. Maybe my PC is broken lol.
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Re: Cost of living crisis

Post by Tenbury »

Try living in a listed place, 750 p.a building only (unsurprisingly, flood not included). I seriously wondered about not bothering, but if the dog set fire to the place I guess we'd be up sh*t creek.
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Re: Cost of living crisis

Post by Danny's Dyer Acting »

dasnutnock3 wrote: Tue Jan 24, 2023 11:11 am I see my buildings and contents insurance renewal is up by 25% - anyone know if there’s a specific reason why or is it just the usual naked profiteering by the underwriters?
The usual profiteering from insurers.

Got my car insurance renewal a couple of weeks back. Admiral wanted to put it up by about £40. I call later and I'm paying over 20% less than last year.
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Re: Cost of living crisis

Post by bonzosbeard »

I see broadband goes up in line with inflation. It seems to me that over the years everything, houses, groceries, materials have gone up quicker than wages.

Everything apart from big tvs, and that's all we will be able to do soon. Watch TV in your cold house.
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Re: Cost of living crisis

Post by mumbles87 »

bonzosbeard wrote: Thu Jan 26, 2023 5:07 pm I see broadband goes up in line with inflation. It seems to me that over the years everything, houses, groceries, materials have gone up quicker than wages.

Everything apart from big tvs, and that's all we will be able to do soon. Watch TV in your cold house.
Broadband is disgusting, same with phones

Inflation ok fine if your costs are going up with that

But inflation plus 4% or whatever. Sod off ...thiefs
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Re: Cost of living crisis

Post by bonzosbeard »

mumbles87 wrote: Thu Jan 26, 2023 5:11 pm Broadband is disgusting, same with phones

Inflation ok fine if your costs are going up with that

But inflation plus 4% or whatever. Sod off ...thiefs
Yes whatever happened to competition. No one is getting a 15% pay rise apart from executives and football players
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SammyLeeWasOffside
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Re: Cost of living crisis

Post by SammyLeeWasOffside »

Tenbury wrote: Thu Jan 26, 2023 1:52 pm Try living in a listed place, 750 p.a building only (unsurprisingly, flood not included). I seriously wondered about not bothering, but if the dog set fire to the place I guess we'd be up sh*t creek.
Labrador pyromaniac cross?
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Re: Cost of living crisis

Post by wolf359 »

mumbles87 wrote: Thu Jan 26, 2023 5:11 pm Broadband is disgusting, same with phones

Inflation ok fine if your costs are going up with that

But inflation plus 4% or whatever. Sod off ...thiefs
But but but, it is all being invested didn't you read the glossy leaflet... :furrow:
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Re: Cost of living crisis

Post by Junco Partner »

Another day in Troy Britain...

Shell announce record profits of billions, the biggest for any UK company ever. Household bills up £500 in April.
Centrica force poor and vulnerable onto prepay meters by highly dubious means.
Water Bills to rise 7.5%, raw sewage runs free in our rivers.
BoE admits inflation has peaked and will fall but they still increased their base rate....meaning banks profits leap by billions.

Let's call it right, this is a Cost of Corporate Greed crisis not a cost of living crisis.
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Re: Cost of living crisis

Post by S-H »

Looking at renewing my mortgage..

Currently a five year fix is cheaper than a two year.

4.29% compared to 4.68%

Anyone have a crystal ball?
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Re: Cost of living crisis

Post by EvilC »

S-H wrote: Wed Feb 08, 2023 8:01 am Looking at renewing my mortgage..

Currently a five year fix is cheaper than a two year.

4.29% compared to 4.68%

Anyone have a crystal ball?
No, but this basically just reflects forward interest rate prices.

HSBC had a five year at below 4% yesterday if the LTV is low enough, and we all know you are loaded so this won’t be a problem.
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mumbles87
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Re: Cost of living crisis

Post by mumbles87 »

S-H wrote: Wed Feb 08, 2023 8:01 am Looking at renewing my mortgage..

Currently a five year fix is cheaper than a two year.

4.29% compared to 4.68%

Anyone have a crystal ball?
My rule with mortgages defies logic at times.

The world is always uncertain..

If you are comfortable with the amount and can afford it fix for as long as you can

At least until next mile stone in life

When our 4 year deal ended few years back I took a 10 year fix , 2.69% .. looks a steal now got 6 years left .. but it was litterally to see us through to next stage .. eldest in secondary school
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Re: Cost of living crisis

Post by chelmsfordhammer91 »

We did the same mumbles.

Back in June we fixed for 10 years (I wanted longer but there wasn't anything viable on offer). Managed to get 2.24%, with the first interest rate hike being during our application process so was worried it might get pulled.

We could have saved a little bit doing a 5 year fixed, but the security of that extra 5 years seemed like a no brainer.

We'd only been living here 7 years but the house prices being silly around here meant that our LTV had come down massively.

With a 5 and 1 year old, it just wasn't worth it going for a shorter term. Like you say, that'll cover to the next milestone.
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mumbles87
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Re: Cost of living crisis

Post by mumbles87 »

chelmsfordhammer91 wrote: Wed Feb 08, 2023 8:13 pm We did the same mumbles.

Back in June we fixed for 10 years (I wanted longer but there wasn't anything viable on offer). Managed to get 2.24%, with the first interest rate hike being during our application process so was worried it might get pulled.

We could have saved a little bit doing a 5 year fixed, but the security of that extra 5 years seemed like a no brainer.

We'd only been living here 7 years but the house prices being silly around here meant that our LTV had come down massively.

With a 5 and 1 year old, it just wasn't worth it going for a shorter term. Like you say, that'll cover to the next milestone.
If in 6 years rates aren't down a bit I might settle for a 5 year fix as a semi gamble

I just like that 10 year fix

I mean the solar is 10 year fix on a 10 year deal so that's 2.6% I think ..

Once that ends that's just £150 a month gone
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