The days in which Britons used their houses as banks and paid for home improvements and lifestyles by regularly remortgaging and drawing on equity have long passed.
Stricter lending criteria and falling house prices resulted in homeowners paying back a record £8.1 billion during the first quarter of 2009, according to the Bank of England.
The combined mortgage debt held by UK homeowners …
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Tags: Banks, debt, England, finance, Homeowners, house, markets, mortgage, pay, UK
July 31st, 2009 at 8:06 am
Thanks for some great ideas. I hope you don
August 3rd, 2009 at 12:02 pm
Where can I fish round here?
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August 15th, 2009 at 9:15 pm
I can’t agree with (Britons repay mortgage debt at record levels | Personal Finance News and advice) 100%, but you do point out some things I didn’t think about.
October 30th, 2009 at 1:04 pm
overpaying my mortgage has saved me thousands already. because of it i hope to retire early!