Comment: On interest rates and freezing feet

PUBLISHED: 14:23 09 November 2017 | UPDATED: 14:31 09 November 2017

Interest rates are increasing and our feet are increasingly freezing

Interest rates are increasing and our feet are increasingly freezing

Halfpoint

After much speculation, interest rates went up last week for the first time in more than 10 years.

The 0.25 per cent rise spells good news for savers and those already locked in to fixed-rate mortgages but it’s less of a source of joy for anyone with a variable rate loan – especially as experts are predicting further increases over the next few years.

I’m risk averse, so have always gone down the fixed-rate route – a source of some regret at various points in the past. and one of mild relief in these more uncertain times.

In other less headline-grabbing news, it’s now November and it’s suddenly freezing. Have you turned the heating on yet? I have, finally. I always put it off for as long as possible out of some ingrained northern aversion to being comfortable or ‘wasting’ money.

I grew up in a very cold house where the central heating was reserved for Arctic conditions only. Wearing multiple jumpers usually saw us through until at least Christmas.

This has stayed with me, and now I don’t like to turn the heating on until November at the very earliest.

My coping mechanisms include wearing a Snuggie (a nylon blanket with sleeves, designed to keep the heating as low as my sense of style) and comedy slippers. (Non-comedy ones are nowhere near as effective.)

An open fire also helps take the edge off, and brings back memories of my grandpa lugging the coal bucket across the lounge – if only nostalgia alone could warm my freezing extremities...

Related articles

More news stories

15:51

A London Colney primary school went the extra mile for its nativity play by including a real donkey and baby.

15:00

A solicitor is raising awareness of mental well-being in her workplace by utilising the specialist training she has attended.

14:29

Legendary Hertfordshire band The Zombies will be inducted into the Rock & Roll Hall of Fame next year. Alan Davies spoke with the group’s lead singer Colin Blunstone.

Two men have been arrested in connection with a burglary in St Albans.

HERTS AD PROPERTY E-EDITION

Image
Read the Herts Ad Property e-edition E-edition

NEWSLETTER SIGN-UP

Get the latest St Albans and Harpenden property news and features straight to your inbox with our regular newsletter

I am also happy to receive other emails...
Fields marked with a * are mandatory
Email Marketing by e-shot

MOST READ

search


e.g. Oxford or NW3
Powered by Zoopla