In England the mortgages are cheapest now, previous years the people of England have been paid a 20´5% of their take-home pay, now the people pay 15.4 per cent of their take-home pay.
Also, because of descent of mortgages the interest rate has reached record low of 0´5 %.
Banks have made a concerted effort to increase the amount they lend to first-time buyers and the people are making the opportunity to invest.
The prospective buyers have got opportunity for investing in bricks and mortar according to the news.
Steven Lees, director of Smart?New?Homes, said that they were seeing a range of new affordable mortgage products coming.
Opinion:
In my opinion this news isn´t better than they say us because this is caused by crisis. I think isn´t good that the prices fall very much because the managers of the building won little money and could reduce the construction and as a result of it would have less work and more dismissals. I believe the building is the biggest source of money of world.
http://www.express.co.uk/posts/view/295347/Mortgages-are-cheapest-ever
Piedad Rodríguez Guillén ING2
Santiago López Argüeta
