Tuesday, January 23, 2007
Recent FTBs at risk
Research from mform.co.uk reveals that approx. 228,000 property owners under 25 spend more than £9,000 a year in mortgage repayments. Research also shows that 61 per cent of homeowners aged 25 and under have only been on the property ladder for less than two years. One third (33 per cent) have only been on the property ladder under a year and only 29 per cent have owned a property for three years or more.