Tuesday, March 17, 2009

Arrears growing

Mortgage arrears up 31% in 2008

"The number of mortgage accounts in arrears has shot up by 31% in the past year, according to figures from the Financial Services Authority (FSA)."

Posted by phdinbubbles @ 12:22 PM (734 views)
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2 thoughts on “Arrears growing

  • I believe a certain Mr Eric Pebble may put this down to Liarloans. of course he would be correct.

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  • Ah perhaps another reason why irresponsible lending practices up to 2007 cannot be continued and why they FSA are now going to regulate mortgages at loan to income ratios of 3x’s income in order to ensure property prices fall in line with wages and remain more affordable in the future. Surely people are going to realise soon there is no return to 2007, if you haven’t sold now then its 30% off peak NOW and falling fast.

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