Research shows just 29% of UK homeowners’ disposable income is being eaten up by home loan paymentsThe 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.This is a boost for those who have a mortgage and those preparing to take their first step on the property ladder Continue reading…
Source : theguardian.com
Read more…Mortgages are now the most affordable since the mid-1990s, says Halifax
