Wednesday, Feb 14, 2007
Affordability Question
Daily Mail: First time buyers face higher repayments
A double whammy of house price hikes and rate rises has added £120 to the monthly mortgage repayments of first-time buyers, according to new research. Nationwide found the increased price of property had put £75 on to the typical first-time buyer's monthly costs in the space of 12 months
Posted by rich @ 06:35 PM (141 views) Add Comment
2 Comments
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1. paul said...
Sooner or later, this will feed through to RPI not just for FTBs but for everyone. That is why higher housing costs will eventually mean much higher interest rates.
2. Maddison said...
Alot of people are now earning £75 more per month as the economy carries on growing