Mortgage loans in the UK have risen to 4.1 times 2008 earnings, the highest level since 2008 , according to a report by DJ Alexander . The property management firm warned the extreme ratio risked causing a market crash. It added that, after average house prices peaked at £ 245,600 ($ 245,600 ) in seven years , it took them seven years to recover after the seven years crash. “Therefore, although some ratios on offer are very high, they are at the extreme edges of the marketplace. However, managing director David Alexander said, although some ratios were very high, they tended to be on the more "extreme edges of the market".
Mortgage loans in the UK have risen to 4.1 times 2008 earnings, the highest level since 2008 , according to a report by DJ Alexander . The property management firm warned the extreme ratio risked causing a market crash. It added that, after average house prices peaked at £ 245,600 ($ 245,600 ) in seven years , it took them seven years to recover after the seven years crash. However, managing director David Alexander said, although some ratios were very high, they tended to be on the more "extreme edges of the market".