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London & the South East dominate the least affordable areas, with mortgage payments in Kensington & Chelsea typically standing at 76.6% of disposable earnings.
Overall, mortgage payments have nearly halved as a proportion of income over the past 5 years from a peak of 48% seen in the autumn of 2007.
Mortgage payments for new borrowers are at their lowest as a proportion of disposable earnings for 15 years, a study said today.
Typical payments for both first-time buyers and home movers taking out a new loan stood at 26% of take-home pay in the second quarter of this year, Halifax said.
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Demand from potential new buyers registering with agents has fallen for three months in a row