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Evening Standard
Evening Standard
Business
Ruth Bloomfield

‘My salary was my mortgage’: how buyers in the 80s and 90s survived 15% interest rates and negative equity

Priced out of buying a property in London, freezing in her tiny flat as she couldn’t pay the heating bill, and living hand to mouth. Fiona Maclean’s experience of buying her first home should chime with the challenges facing many new and would-be buyers.

But when Fiona took the keys to her first-ever home The Communards were in the charts, Out Of Africa had cleaned up at the Oscars, and women wore power suits without any sense of irony.

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