Saturday, June 11, 2011
66% trapped in homes
'Only a third of homeowners wanting to move or remortgage are confident they would be able to during the coming 12 months, a survey has suggested.' 'The other two-thirds of respondents say they are worried they would fall foul of banks' tough lending criteria on mortgages.' The removal of interest only mortgages will cause most pain, even for those who currently have it.