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13 November 2014

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Credit Crunch

You are in: Northamptonshire > Credit Crunch > Are you feeling the pinch?

Credit Crunch logo.

Credit Crunch logo

Are you feeling the pinch?

There has been plenty of talk about the credit crunch but what does it actually mean?

We are being told that the price of food has increased, not to mention fuel prices which we have all seen increase in recent weeks.

For some, filling up a tank of petrol has increased by as much as 拢15 - 拢20. Household energy bills are also set to increase by up to 70% over the winter if the current price of oil stays high.

So how does this affect you? Will you have to increase mortgage repayments? Or are you finding it hard to even get a mortgage?

Does it mean that you may have to give up your car or change where you shop? Will you have to take on another job just to make ends meet? We would really like to hear your story.

You can contact us by filling in the form below or by calling us direct on 01604 239100

John Kellet

Having lost my job as an employed chartered architect I am now setting up in practice on my own. In the current economic climate it is not easy finding clients wanting either new buildings or alterations to existing ones. Actually, if you have the funds, now is a good time to eco-refurbish or replace inefficient property!

Sharon Howley

We have energy saving light bulbs in every room of the house, do not have an electric kettle, all appliances etc are switched off when not used. The heating is on 15, barely ticking over, the water comes on twice a day for an hour each time. Still it has made no change in the amount we pay in electricity or gas. So what does that prove?

Jennifer Wilderspin

The increase in prices has meant that my partner and I dress a little more warmly - our bills have not risen dramatically, but having recently moved back from Spain, it has been a shock to have to pay such high bills - my quarterly bill costs more than a years bill in Spain and that's with the cold marble floors and winter period.

Larry Armstrong

So far it has not affected me very much at all, and with regards to gas & electricity will not do so until the end of April 2010, as in 2005 I went on BG price freeze and it has turned out to be the best decision I have made for a long time. I do not have a mortgage (all paid off) so that does not affect me, and I can afford to use my car as and when I want to.

Peter

As retired people with no mortgage, we are lucky that we can use our car less to reduce the effect of increased petrol prices. But both our children have mortgages, are self-employed, and the economic downturn is badly affecting their small business and we worry for them.

Iain Spooner

We're having to be more careful and won't be putting the heating on for a few weeks yet. Then we're going to have the heating on less than last winter.

How is the increase in household fuel prices affecting you?

last updated: 05/01/2009 at 08:40
created: 18/07/2008

You are in: Northamptonshire > Credit Crunch > Are you feeling the pinch?

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