According to the Council of Mortgage Lenders, interest payments are consuming less of borrowers incomes. Interest payments typically consumed only 18.2 percent of a first-time buyer’s income in November, the lowest proportion since February 2007.
Does this mean that UK debt serfs can afford another housing boom?
Friday, January 16, 2009
Interest payments fall as a proportion of income
Labels:
inflation,
insolvency,
interest rates,
money,
UK,
UK economy,
UK house prices
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