Tuesday, May 8, 2007

Money getting too tight to mention…

Mortgage payments up 15% on 2006 levels

Average mortgage payments increase 15 per cent in last year as consumers' income is squeezed...According to the latest Woolwich Mortgage Affordability Research average mortgage payments in England and Wales reached £590 in April 2007, an increase of £78 a month on the same month in 2006 (£512 in April 2006) or equivalent to 15 per cent rise in costs over the year. Over the same time period household net earnings have increased by only 5 per cent.

Posted by converted lurker @ 12:34 PM (453 views)
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2 thoughts on “Money getting too tight to mention…

  • A man with one watch always knows what time it is. A man with two watches is never sure.

    Segal’s Law

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