Monday, December 8, 2014
BoE Warning not to turn a blind eye to Interest Rates
The Bank stressed the proportion of borrowers having trouble paying their home loans should remain well below the levels of the early 1990s Ã¢Â€Â“ when Britain suffered its worst postwar property crash Ã¢Â€Â“ provided incomes rose alongside interest rates. ..... The debt-to-income ratio held steady at about 80% during the 1990s, rose steadily in the 2000s to peak at just over 130% and has since dropped to just over 110%.