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Tuesday, September 12, 2006

 

House prices double in four years!

Read this Thank you Tony Blair and Gordon Brown!

"The increases are stretching first time buyers to breaking point, with evidence they are taking on record loans"

"Hundreds of thousands of Britons are struggling to make their mortgage repayments"

"House price rises are out-pacing increases in wages"

"Any sudden shock to the finances, such as unemployment or illness, threatens financial meltdown"

"Personal bankruptcies jumped 32 per cent,the number of homes repossessed rose by 72 per cent in the first six months of this year"

"For those millions of people who are saddled with huge mortgages any further increase in interest rates will be huge blow"

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