Tuesday, April 3, 2007

Some interesting data

Special Report on the UK Housing Market

First-time buyers hit by double whammy New first-time buyers face double whammy of house price and rate rises,, higher house prices alone add £75 to typical first-time buyer monthly costs compared to last year. Interest rate increases bring this up to almost £120. Locking into a fixed rate loan this time last year would have saved a typical first-time buyer £170 to date, with further monthly savings of £50 at current mortgage rates.More first-time buyers choose longer-term and interest-only mortgages which can cut more than £300 off monthly payments.

Posted by bufferbear @ 10:10 AM (424 views)
Please complete the required fields.

One thought on “Some interesting data

  • There’s some interesting data in here, particularly the increasing market share of mortgages outside the standard 25yr repayment:

    Dec 2005 – 48% of loans were either for more than 25Yrs or Interest Only.
    One year on in Dec2006 the share was up to 59% of loans.

    Lots of other data on how housing is so much less affordable than even a year ago.

    Please complete the required fields.

Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>