These days, many people have been facing high interest rates, credit card debts and problem with mortgages in Britain and the US.
The number of people who managed to take out a home loan last month collapsed to its lowest level since 1995.
The figures, published yesterday by the Bank of England, show just 73,000 were approved for a mortgage to buy a house in December.
In a rapid downturn, the number has slumped 35 per cent since last summer and it is the latest sign that the boom in Britain's housing market has come to a grinding halt. Source
In England, you can get 3 bed room house with £250K mortgage. But these days, mortgage approval has been difficult while many people are in debt troubles. But some people are not aware of the real situation or making a joke. Yesterday, when I logged on AOL, that advert made me amazed. If it is properties for under £200,000, it would be something attractive.
1 comment:
I come and visit bro,
Long time no see you in my blog.
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