It struck me the other day that there is a lot of irony in the current financial situation. A year ago, virtually anybody could get credit and pretty much name their own sum. The difficulty was they were likely to be paying through the nose for the privilege.
Nowadays the price of credit has never been so low but your chances of getting your hands on it, especially if it is for a buy to let mortgage, is slim to none.
A recent report shows that one group of people who do seem to be benefitting form this current situation are key workers. We have all heard about the problems nurses and police officers have had finding affordable housing in the places their jobs take them; this has been particularly bad for those serving in the south of the country.
The Halifax has kept a close eye on this group of people over the years and has recently reported that things do actually seem to be improving for them. In 2007 only 3 percent of towns were affordable to this group in terms of purchasing the average family home. The Halifax indicate that at the moment the that figure stands at more like 21 percent, with police and teachers gaining the most from the affordability shift.
It is good to see that in difficult times at least these important people are gaining something.
