Quote:
Originally Posted by garinda
Unlike other people, I do have sympathy for people who are affected by the interest rise, especially for people who felt forced to take out motgages up to five times their salaries. £75 might be the difference from them worrying about the bills that fall on their mat or not.
|
I also feel for them, I would have to put myself 5x salarie to afford a house, and a 35 Year Mortgage.
Things also change for people, and £75.00 a month is a big deal when you aint got it.
Quote:
Originally Posted by garinda
The average starting salary for a newly qualified nurse is £13,251. Which if offered 95% mortgage would mean they would be looking at properties up to £45,000. A hard task in Hyndburn, and impossible in other parts of the country.
|
You got to believe it, £45.000/£50.000 houses will be snapped up by people who buy from down south and property developers, Landlords.
I feel a Crash coming on soon.