From: "Stephen Burke"
Newsgroups: uk.finance
Subject: Re: Mortgage rates and inflation
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Date: Thu, 10 Jul 2003 20:10:01 +0100
Andy Pandy wrote:
> most people can't afford to pay their mortgage interest plus make the
> necessary capital repayments to shrink the real value of their
> mortgage as fast as in the good old days.
Do you have any evidence to back that up? I don't think it's true, as far as
I'm aware few lenders will lend over the traditional salary multiples and that
should leave lots of headroom for overpayment.
--
Stephen Burke
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