Friday, 16 January 2009

Interest payments fall as a proportion of income

According to the Council of Mortgage Lenders, interest payments are consuming less of borrowers incomes. Interest payments typically consumed only 18.2 percent of a first-time buyer’s income in November, the lowest proportion since February 2007.

Does this mean that UK debt serfs can afford another housing boom?

1 comment:

Electro-Kevin said...

A return to the housing boom is what the Government wants.