Saturday, August 20, 2011

“fools paradise”

Low house prices lead to fewer repossessions

Chris Gardner, director of independent mortgage broker Obligo, said: “The current figures are being kept artificially low by two important factors – the interest rate is at a historic low and lenders have shown remarkable forbearance. “Together they have created a fool’s paradise, where people’s mortgage payments are comparatively low and lenders are being especially tolerant of late payers.

Posted by nuaulu @ 07:51 PM (838 views)
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