Tuesday, Feb 27, 2007

Property Market Cools

SKY NEWS: Property Market Cools

Borrowers are feeling the heat, according to Britain's second biggest building society.

The three interest rate rises since last August and high personal debt are having an effect on the property market, says Britannia.

It saw little or no growth in the UK mortgage market this year, Britannia said, as it revealed a record profit of £130.4m for the year, up from £120.5m in 2005.

Posted by cash_buyer @ 09:55 PM (167 views) Add Comment

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