Tuesday, Dec 29, 2009

Homeowners continue to shun moving, remortgaging or mewing

Guardian: * Money * Borrowing & debt British homeowners continue to trim mortgage debt

Article reveals that whilst we continue to pay down our aggregate net mortgage debt the amount payed down in the third quarter was less than the first and second and mortgage borrowing for November was 43.7% less than the previous year. Meanwhile as the UK's citizens collectively shun borrowing the Government continues to pile on debt at around £20BN per month.

Posted by enuii @ 04:04 PM (957 views)
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