Home repayment worries as prices rise
07/05/2010People who took on homeowner debt last month will be paying nearly 9 per cent (8.8 per cent) more than those who bought homes in March last year.
These are the findings of Assetz House Price Watch, which takes average figures from five major house price indices.
House prices are now just 7.5 per cent below the October 2007 peak of £215,000 (£215,089), meaning many more people could struggle with home repayments.
There's an even greater chance of people having trouble with mortgages in the future, as the Centre for Economics and Business Research (CEBR) predict that house prices will go up by a further £9,000 this year.
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