Cost of living crisis

[Stu]

2 minutes ago, Bender said:

Because its baught in advance and not on spot price. 

 

Well why didn't they buy more in the early 2000's then  

[Mississippi Bullfrog]

So if it's bought in advance how come the price has shot up so quickly?

 

Surely the gas we're using now was bought before the price went up. 

 

I bet it won't go down as quickly.

[Blackholesun]

I've put the fire on once 

[Bender]

31 minutes ago, Mississippi Bullfrog said:

So if it's bought in advance how come the price has shot up so quickly?

 

Surely the gas we're using now was bought before the price went up. 

 

I bet it won't go down as quickly.

Prices are guessed at in advance, that's part of the reason the cap used to be 6months, but prices changed so drastically in the overlap energy companies went bust. 

[Mississippi Bullfrog]

Here's a good rant....

 

 

[Bender]

2 hours ago, Mississippi Bullfrog said:

Here's a good rant....

 

 

Wasn't really a rant. 

[MikeHorton]

Well it turns out my current 1.89% mortgage deal expires in January. I've spent the day sorting out what we will do and sealed a deal which although not ideal has nmsoftened the blow. Its worth checking when your current deals end and working out what gamble to take 

[Blackholesun]

Mine runs out next Oct...if things stay as they are I'll be fecked!

[MikeHorton]

3 minutes ago, Blackholesun said:

Mine runs out next Oct...if things stay as they are I'll be fecked!

I ended up opting to burn a load of savings and paid the 10% extra off. Renewed with current lender at 5.05% and it only made a difference of £10 per month. I couldn't move to a other lender as I have a bolt on mortgage for an extension we had 2 yrs ago apparently you can only have mortgages with one lender.  Both now tie in for renewal dates in 3 years. We will be foregoing a holiday next year etc  but worth going down this route I think

[Bender]

1 hour ago, Blackholesun said:

Mine runs out next Oct...if things stay as they are I'll be fecked!

Unfortunately interest rates were always going to rise and 4-5% would be in the normal range, we just got used to historic lows. 

 

It could  unfortunately get a lot worse, if inflation continues which it is likely to do, as everyone wants a 15% pay rise this is going to have a huge nock on effect on inflation to which the BOE wii try to curb by increasing rates. 

[MikeHorton]

21 minutes ago, Bender said:

Unfortunately interest rates were always going to rise and 4-5% would be in the normal range, we just got used to historic lows. 

 

It could even more unfortunately get a lot worse, if inflation continues which it is likely to do, as everyone wants a 15% pay rise this his going to have a huge nock on effect on inflation to which the BOE wii try to curb by increasing rates. 

Yes my 1st mortgage in 2000 was around the 5% mark. Unfortunately savings rates don't match at the moment hence I thought let's pay some extra off the mortgage debt. I remember my dad saying 15% was the norm in 60s 70s

[Bender]

41 minutes ago, MikeHorton said:

Yes my 1st mortgage in 2000 was around the 5% mark. Unfortunately savings rates don't match at the moment hence I thought let's pay some extra off the mortgage debt. I remember my dad saying 15% was the norm in 60s 70s

Mine was something ridiculous in the early 90's when the gov was in charge of them, it doubled my mortgage. 

 

They reckon now 6% is as bad as the old 15% because house prices to income have become well just stupid so loans are much bigger now  

[Tiggie]

Thankfully I got a 5 year fixed term 2 years ago when rates were low(er) 

[S-Westerly]

My first mortgage in the 80's was 15% and I remember being totally pissed off that after a year paying what seemed like every penny I earned on the thing the actual amount owed had gone down by about a pound. These days fortunately I am mortgage free so not directly affected by the current rises although if rates hit 6% I could actually retire on a reasonable screw.

[MikeHorton]

This deal can save a few quid if ur sim only too

 

MSE 3 - Lycamobile
https://www.lycamobile.co.uk/ucustomer/mse-3/

[JRH]

Car insurance renewal came and they wanted an extra £300! Phoned them up and “computers says NO” would not discuss or explain why the wanted so much more.

so as I’m an old b****r I phoned Saga. 
so now car is insured with Saga for less than I paid last year.

[Bender]

2 minutes ago, JRH said:

Car insurance renewal came and they wanted an extra £300! Phoned them up and “computers says NO” would not discuss or explain why the wanted so much more.

so as I’m an old b****r I phoned Saga. 
so now car is insured with Saga for less than I paid last year.

Well that was a saga  

[Bianco2564]

Petrol gone back up by 2p around here

[S-Westerly]

Bloody OPEC cutting production sent prices back up. Twats.

[KiwiBob]

51 minutes ago, S-Westerly said:

Bloody OPEC cutting production sent prices back up. Twats.

The value of the pound going through the floor will be the main reason!

[Mississippi Bullfrog]

Has anyone seen how the energy discount works out?

 

Our usual standing order is £250 a month. This month it's £66 less, but so far as I can see that only works if our account is credited with the usual £250, which I can't see anywhere as the website won't provide that information. 

 

Can anyone see how this is working on their account?

[Bender]

7 minutes ago, Mississippi Bullfrog said:

Has anyone seen how the energy discount works out?

 

Our usual standing order is £250 a month. This month it's £66 less, but so far as I can see that only works if our account is credited with the usual £250, which I can't see anywhere as the website won't provide that information. 

 

Can anyone see how this is working on their account?

Think that's how ours is working, pay monthly then they give a refund for the discount. 

[Mississippi Bullfrog]

Hmmm...last time I checked we were about £800 in credit. That isn't showing anymore and they've just raised our monthly payment from £250 to £300.

 

I've just remembered that in our loft we have a CCTV system with 9 cameras around the house. I have no idea how much power the system uses, as it's on 24/7 it could be quite a lot.

[Bender]

1 hour ago, Mississippi Bullfrog said:

Hmmm...last time I checked we were about £800 in credit. That isn't showing anymore and they've just raised our monthly payment from £250 to £300.

 

I've just remembered that in our loft we have a CCTV system with 9 cameras around the house. I have no idea how much power the system uses, as it's on 24/7 it could be quite a lot.

I've been wondering the same thing re cctv. 

[Mississippi Bullfrog]

24 minutes ago, Bender said:

I've been wondering the same thing re cctv. 

In theory the cameras don't use much. The screen is off. But the box containing the drive seems to be running quite powerful cooling fans so I'm guessing there's some amps being gobbled up. I'll turn it off for a time and see if the electric use changes noticeably. I have a secondary system covering the garage anyway.