Saturday, Aug 19, 2006

Borrow, borrow, borrow

Daily Mail: Mortgage borrowing tops 30bn in a month

Soaring house prices forced homeowners to borrow more money last month than any July since records began.
The booming home loan market is fuelling fears that interest rates could go up for the second time this year......

...He said the rise was being fuelled by 'a strong appetite' among borrowers for remortgaging in an attempt to cut their monthly repayments...

Posted by adrian @ 02:02 PM (1847 views)
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1. Bubbles. . . said...

we all know intrest rates are going to rise again!! Will it be a shock again to these people that believe cheap money is forever?? Well as long as the banks are happy with people borrowing up to the top! Thats all that is supporting this...People can lie about there incomes borrow more but one day they cant borrow any more then they go into IVA or bankrupt few years down the line start again..But its the banks that have to pick up the pieces...Not that I feel sorry for them! Put mortgage rates up and dont even put saving rates up in line..

Sunday, August 20, 2006 03:45PM Report Comment
 

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