GOLD is the money of the KINGS, SILVER is the money of the GENTLEMEN, BARTER is the money of the PEASANTS, but DEBT is the money of the SLAVES!!!

Sunday, December 29, 2013

More than a Million homeowners will lose their Properties in case of an Interest Rate Rise in UK

The Resolution Foundation says even in case of a small rise in interest rates, one point twelve million homeowners will be spending more than half of their income on mortgage repayments. The foundation says that will put them at risk of defaulting on their mortgages. The warning comes as another report revealed around 13 million Britons paid for their Christmas with credit cards, loans or overdrafts. According to the Resolution Foundation while people across the social spectrum could be in trouble, lower-income households look particularly vulnerable. Housing campaigners have also warned that poverty and homelessness are set to increase.

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