money people: CASE STUDY.
PART-TIME DJ Nick Fisher is one of the lucky ones - his flat has risen in value by 60 per cent.
He bought his pounds 120,000 one-bed flat in Swindon, Wilts, for pounds 60,000 seven years ago. The 27-year-old bank worker took out an interest-only mortgage banking on prices rising so that he could pay off the mortgage and pocket a profit.
He said: "I knew I wouldn't stay in the flat for the term of the mortgage. But just in case I've been saving pounds 100 a month. I knew it was important to have a fall-back."
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|Publication:||The People (London, England)|
|Article Type:||Case study|
|Date:||Aug 26, 2007|
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