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Old 12-11-2007, 08:59 PM
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Post Mortgage interest payments rise to 20.6% of incomes

The Council of Mortgage Lenders (CML) has published October data on mortgage affordability that reflects both higher interest rates and rising house prices. During the month, mortgage interest payments accounted for 20.6% of first-time buyers’ monthly incomes. The figure was up from 20.4% in September, which was its highest level since 1991.For home-movers mortgage interest [...]

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