Mortgages are now the most affordable since the mid-1990s, says Halifax

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Mortgages are now the most affordable since the mid-1990s, says Halifax

Post by admin » Thu Mar 22, 2018 9:42 pm

The proportion of homeowners’ income being swallowed up by mortgage payments is now one of the smallest since the mid-1990s, according to the Halifax. It said typical mortgage payments accounted for less than a third (29%) of homeowners’ disposable income in the last three months of 2017 – down from almost half (47%) during the same period in 2007. This figure is also “comfortably below” the long-term average of 35% for the period between 1983 and 2017.

source: https://www.theguardian.com/money/2018/ ... ns-halifax

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