MIDDLE CLASS FEEL HOME-LOAN PRESSURE

PUBLISHED : Monday, 06 January, 2003, 12:00am
UPDATED : Monday, 06 January, 2003, 12:00am

A survey has found up to a quarter of sandwich class homeowners are prepared to declare bankruptcy because they cannot afford their mortgages. The Sandwich Class Housing Alliance polled 670 homeowners from five estates. It found 90 per cent had remortgaged, and called on the Housing Society to scrap the penalty for remortgaging to allow people to benefit from lower rates.


 

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