The village of Harold has seen a large rise in the amount of interest from first time buyers as a result of the latest financial ticking time bomb. The village has more interest only mortgages than anywhere else in the UK. The concern is that people will have not saved enough money to pay the final lump sum, leading to repossessions and cheap properties going to auction.
One hopeful home-owner explained “from what I have heard the whole village will be up for sale at this rate. I’ve got my eye on a nice three bedroom property at the moment, but I’ve heard rumours even the church could be up for grabs.”
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