Friday, Nov 10, 2006

Repossessions up 34 percent in Oxfordshire

This is Oxfordshire: Mortgage woe adds to strain

Oxfordshire homeowners have been left counting the cost after the Bank of England hiked interest rates to their highest level in five years.

Posted by bluenail @ 10:47 AM (415 views)
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1. Cyril said...

the article says that the IR rate rise puts 30 on a mortgage of 150,000.
I thought surely that isn't a typical mortgage? But it is! I've just looked it up. A typical new mortgage is between 130-160,000, but median pay is only 23,000 a year (top 10% earners get 46,000+). Doesn't look good does it?

Friday, November 10, 2006 02:01PM Report Comment

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