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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Monday night's weather with Simon Parkin
Monday afternoon's weather with Simon Parkin
Monday's weather with Simon Parkin