Home repossessions could become more common if UK interest rates rise this year [ooops, like they just did 10 minutes ago], the Royal Institution of Chartered Surveyors (RICS) has warned.
Mortgage repayments are now a bigger burden than at any time since 1991, RICS said.
For a two-person household on average incomes, home loan repayments now take up 22% of take-home pay.
Many experts are expecting the Bank of England to raise the cost of borrowing again in the next few months [shortly to be amended to read, "last few minutes"].
http://news.bbc.co.uk/1/hi/business/6248899.stm
We're doomed / boomed / whatever
Mortgage repayments are now a bigger burden than at any time since 1991, RICS said.
For a two-person household on average incomes, home loan repayments now take up 22% of take-home pay.
Many experts are expecting the Bank of England to raise the cost of borrowing again in the next few months [shortly to be amended to read, "last few minutes"].
http://news.bbc.co.uk/1/hi/business/6248899.stm
We're doomed / boomed / whatever
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