Anorak | Rung up Debt – The Sixfold Mortgage

Rung up Debt – The Sixfold Mortgage

by | 11th, April 2007

THE sea of debt threatening to submerge the whole of the country continues to rise with news that lenders are now offering mortgages equal to six times the salary to first-time buyers desperate to get their a foot on the property ladder .

Major mortgage lenders Halifax have revealed that the average price of a house hit £194,000 last year, over eight times the average wage of £23,600 a year.


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Posted: 11th, April 2007 | In: Money Comment | Follow the Comments on our RSS feed: RSS 2.0 | TrackBack | Permalink