Wednesday, November 3, 2010

This site needs to cover the HPC once more

Millions caught in cheap home loans trap: Financial experts' warning over families under threat from interest rate rises Read more: households caught cheap home loans trap.

Up to three million households are on a financial precipice – and in danger of falling over it if interest rates rise. Leading economist Danny Gabay warned that a full-scale recovery will not take place until banks tackle the problem of the families who took out loans far beyond their means.The former Bank of England expert’s warning about the ‘zombie households’ which could be tipped into financial oblivion when interest rates rise were echoed by a series of finance experts last night.

Posted by blue peter @ 04:15 AM (564 views)
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