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International Law

: The Landlord Law Blog

Credit crunch problems

By Tessa

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There is a very interesting, if worrying, article on the Guardian site here about the credit crunch and the effect it is having on housing. I was shocked to read that mortgage repossessions are likely to go up to 45,000, from 8,000 in 2004.

The article also makes other telling points, such as for example the income of support charities is likely to go down as few people can afford to donate, and the value of their investments plummet.

Bad news for us all.

Full post as published by The Landlord Law Blog on April 23, 2008 (boomark / email).

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