30 years ago

PUBLISHED: 11:15 14 December 2006 | UPDATED: 14:55 12 May 2010

An estate agent warned that the prospects for house buying in the new year would be frightening . This was due to an increase in the mortgage interest rate to a phenomenal 14 per cent.

An estate agent warned that the prospects for house buying in the new year would be "frightening".

This was due to an increase in the mortgage interest rate to a "phenomenal" 14 per cent.

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