Friday, Jul 13, 2007
Tune is changing at the Times
Times: Why not use the 420,000 empty homes to solve the housing crisis?
More lower-priced homes are to be built; meanwhile easy-to-understand, long-term fixed-rate loan deals will be the cure for the repayment shock blues, the malaise of the summer of 2007. About 750,000 people are now contemplating an increase of roughly a third in their mortage repayments, as the discounted fixed-rate offers that they took out two years ago expire. It is as if their lender had suddenly turned from Primark into Harrods.
Posted by confused76 @ 02:15 PM (166 views) Add Comment
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