I’ve been interviewing blogger Fabulously Broke …in the City , a married woman who writes about her personal finance experiences, including fashion and her quest to get out of debt. She has a fascinating living arrangement…
You describe yourself and your husband as ‘modern nomads’, can you explain what you mean.
It’s a term I made up [...]
Northern Rock has been bailed out by the Bank of England. Apparently, it needed to borrow money from the Bank of England because it couldn’t obtain credit on the market - a ripple effect of the sub-prime crisis in the States.
I’ve always thought that the biggest benefit of having a mortgage rather than renting was likely to be in the slow eating away of the value of the mortgage payment by inflation.
Before I bought my new house, I was renting a smaller flat for �375 per month. I estimate that if I had stayed there [...]