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lewissheridan

Does The Cml And The Beed Just Talk Lies

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Beeb says:

"First-time buyers' record burden

First-time buyers face a record financial burden

The finances of first-time home buyers are being stretched to record levels by rising house prices.

Figures from the Council of Mortgage Lenders (CML) show that first timers are now borrowing an average of 3.33 times their incomes to buy a home.

With interest rates having risen four times in the past year, interest payments now take up 18.7% of the average first-time buyer's income.

The CML says that is the

"

Average first-time borrowing 3.33 times their income (quite exact). What a load of bloody ******, AND interest payments taking up a 1/5th of income ? so what about capital repayment, are they saying it's less than 50% in total ? what ******!!! i can't believe i read this shit day in day out - unless their average salary is £50k i think this is a whole load of ******.

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A posted a llink to a review of the FTB market covering data for years 2003/2004. The review was based on Halifax data, being a leader in the market it is highly unlikely that their stats are enourmously out of whack with the general market.

Back in 2004 the income ratio for FTB's was 4.7 something.

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you just have to constantly read inbetween the lines with the beeb and most national press.. inflation is definately kicking in - should shake things up through the 2nd half of this year, be interesting to see what happens... and when will this HPI charade unfold - and what are the government doing about it ? " yes there is a shortage of 'affordable' housing" ... what toss

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