Tuesday 31 May 2011

U.K. Mortgages Should Be Capped to Cure ‘Addiction to Property Inflation’

http://www.bloomberg.com/news/2011-05-30/u-k-mortgages-should-be-capped-to-cure-addiction-to-inflation-.html

Almost two thirds of non-homeowners believe they have “no prospect” of buying a home, according to a survey published today by Lloyds Banking Group Plc (LLOY)’s mortgage division, Halifax. Seventy-seven percent aspire to own their own home, while nearly half of those surveyed said Britain is becoming more like mainland Europe in terms of the popularity of rented accommodation.
The lender surveyed 8,000 people aged 20 to 45 years old in the U.K. and the results were weighted nationally to be representative of the total population, Halifax said.

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