CML figures show borrowers increasingly stretched

June 12, 2007
Mortgagees are increasingly stretched as interest rates continue to rise, with interest payments at a 15-year high, according to latest figures from the Council of Mortgage Lengers. The CML’s regulated mortgage survey shows that in April, buyers were paying 18.7% of their income on mortgage interest – the highest level since 1992 and up from 16.3% in April 2006. The …

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