DanAronG
newbie
Posts: 12
Loc: Cornwall
Registered on 25-03-09
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14-05-09 12:56 PM - Post#389
According to the Council of Mortgage Lenders (CML) the costs of servicing mortgage debt is at it's lowest in 5 years.
Current figures show first time buyers are borrowing on average three times there income and 75% of the value of their homes, with average monthly interest payments equating to 15.1% of their income.
For home movers, the average mortgage loan is £115,000 and interest payments equated to an average of 11.4% of income.
| Independent Mortgage Advisor experienced in residential, buy to let, holiday let & refinance mortgages |
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