Monday, February 12, 2007

Mortgages becoming more and more impossible

according to the Department for Communities & Local Government 'the average house price in the UK has now passed £200,000,'

What's worse is that prices are expected to increase even further in the coming months.
What then for new buyers trying to get a first mortgage?
perhaps the best option is to wait for the housing market to crash, analysts predict that it will soon!
The government also started several schemes to help young people onto the property ladder.

either that or we'll all have to opt for that IVA Mortgage

things really do change quickly, back in 2001 you could've got a £80,000 mortgage for a two bedroom house, today that same house will cost you £200,000.

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