Mortgage costs putting paid to furniture, study shows by Finance News Bulletin

Published: 06/11/07

The rising cost of buying possessions means that mortgage repayments are so high many people cannot have enough money furniture, it has been claimedAccording to More Than, a home insurance supplier, UK residents are shelling out so much on their mortgages that 60 per cent of them are experiencing difficulties when it comes to decorating and furnishing their padsIndeed, the corporation's research revealed that one-third of people only take out the basics of home decoration - such as painting ramparts - as they are already financially committed to their mortgages Aside from mortgage repayments, Brits are also splashing out on luxury substance such as laptops and luxurious televisions, the study showed

Mike Holliday-Williams, organization director of More Than, said: "Due to a housing shortage we are witnessing a new age group of development, where houses and apartments are increasingly standardised both inside and out"However, recent investigate from online bank egg found that new mothers are more than happy to splash the cash on their look, with £6 billion spent each year in order to keep the glamour of a yummy mummyMortgage costs putting paid to furniture, learn showsNone of the information on this website is intended to promote any specific mortgage product or give mortgage adviceThe sphere, with icon, its reflection and Mortgages

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