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Home
> David Miles
Professor David Miles
of
Imperial College London
is a
British
economist
who produced a report in
2003
for the
Chancellor
to examine why long-term fixed rate
mortgages
are so unpopular.
The report states:
A great many borrowers focus on the initial cost of debt and do not seem to consider carefully how those payments might change relative to their incomes
.
External links:
Miles Report: Part 1
Miles Report: Part 2
Miles Report: Part 3
BBC News of 10 Dec 2003
UK home supply way below demand
BBC News of 9 Dec 2003
Call for more long-term mortgages
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