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	THE MORTGAGE BUG

	London to be busiest mortgage market
	Author: www.mortgagesolutions-online.com
	According to new research. London tops the future mortgage market, with 35% of the adult population intending to take out a new mortgage there between now and 2010. However, 11% of Londoners expect to have to take out a mortgage for more than four times their salary – the highest percentage in the country. This is followed by Wales, where one in ten of the adult population intends to borrow this much over the next three years. In the North East, 6% of the adult population intends to borrow over five times their salaries, the highest in the country. Francis Ghiloni, marketing and business development director said: “The cost of servicing

			a mortgage has been rising steadily, and this is set to continue as many people are forced to borrow more in the light of rising property prices. Between 2001/02 and 2005/06, the amount of money mortgage holders spent on their loans increased by around 44%.” Date: 30/07/07

			News article from Mortgage Solutions http://www.mortgagesolutions-online.com
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london mortgage market

London to be busiest mortgage market