Wednesday, May 09, 2007
The CML blame the cost of everything else for having no FTB to fleece if the rates go up.
Guardian: Retail sales weaken and first-time buyers feel squeeze
Andy Gray, head of Woolwich Mortgages, said: "Mortgage borrowers are really getting squeezed. With the costs of council tax, petrol and food and drink, as well as mortgages, all increasing consumers are seeing a large amount of their earnings being diverted to essentials, putting real pressure on disposable income. Most commentators are suggesting that interest rates will increase further this week. However, our research shows that the three interest rate increases over the last 12 months are already starting to have a major impact on borrowers."
Posted by mr crabs @ 08:09 AM (126 views) Add Comment
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