25 Jul 2008

Monthly mortgage payments increase

December 10th month, the British mortgage repayment amount, since 1991 reached the highest level, first-time home buyers are forced to surrender more of their wages to keep real estate.

UK Mortgage Bankers Association said yesterday that in October, first-time home buyers who came up with a salary of 20.6 percent, to cover the monthly mortgage repayment, in September the proportion was 20.4 percent; the second house purchase The main loan ratio also increased, from September's average income increased by 17.5% to 17.6% in October.

UK Mortgage Bankers Association said that, generally speaking, first-time home buyers to the housing mortgage loan amount of their annual income of 3.36 times, while the second purchase of the owner of the mortgage loan amount is usually in revenue for the 3.02 times .

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