Mortgages increasing making
it more difficult for homeowners in London
the Office of National Statistics found out that living costs
in London has increased 34 per cent more than anywhere else in
the United Kingdom. This is affecting mostly the south-east residents
of London and all is due to mortgages becoming more expensive.
Figures showed that families who live
in London spend 500 pounds each and every week on the following;
Public transport, energy usage, eating out from time to time.
The data, which took place by analyses, was Londoners figures
for the years 2005-2006.
The national average in UK for a mortgage
is only 127 pounds, while Londoners mortgage costs today is 171
pounds per week.
Today there are loads of people trying
to get on the property ladder; it makes it more difficult when
rental option is at a ridiculous rate, costing 50% more than any
average at 84 pounds each week in London the United Kingdoms capital.
The increase in interest rates
has changed each households living expense from 443 pounds a week
to 9 pounds a week more than in 2004 and 2005.