Search

Struggling with debt

PUBLISHED: 12:51 14 April 2008 | UPDATED: 20:07 05 July 2010

OVER 10,000 households in Waveney, representing almost 25pc of the total have a "sub prime loan exposure" and may be now struggling with debt, according to research based on information provided by the credit rating agency, Experian.

OVER 10,000 households in Waveney, representing almost 25pc of the total have a "sub prime loan exposure" and may be now struggling with debt, according to research based on information provided by the credit rating agency, Experian.

Thousands of families across Waveney are now exposed to the possibility of losing their home, thanks to the Labour Party policy of building our economy on debt.

Gordon Brown's record is now one of economic incompetence. First time buyers are suffering from the credit crunch too.

The Conservatives have called for stamp duty to be abolished for first time buyers for homes up to £250,000 and for more help to be given to lenders through better advice and no sudden hikes in mortgage repayments.

Home ownership offers a bedrock of financial security for many people and government incompetence is placing this at risk.

PETER ALDOUS

Conservative Parliamentary candidate for Waveney

Wissett


If you value what this story gives you, please consider supporting the Lowestoft Journal. Click the link in the yellow box below for details.

Become a supporter

This newspaper has been a central part of community life for many years, through good times and bad, serving as your advocate and trusted source of local information. Our industry is facing testing times, which is why I’m asking for your support. Every single contribution will help us continue to produce award-winning local journalism that makes a measurable difference to our community.

Thank you.

Most Read

Most Read

Latest from the Lowestoft Journal