As if houses prices aren't high enough already, and as if personal debt isn't high enough already! BBC here.
This seems utterly crazy, if you consider that average house prices have topped 200 grand, and this:
Caller deluge hits debt helplines
Have banks not got any strategic thoughts in their heads?
People who have a poor credit history or are self employed are finding it easier to borrow money to buy a home, market analyst Datamonitor has said. Banks are increasingly willing to relax their rules because the mainstream market is saturated, Datamonitor said.
Caller deluge hits debt helplines
Both the Citizens Advice Bureau and Consumer Credit Counselling Service have said their debt advice lines have had more calls than normal for January. National Debtline had 12,000 calls in the first two weeks of January - making it the busiest month since it was set up in 1987.
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