Affordability for first-time buyers below 25 year average
In its latest First Time Buyer Affordability Review, Halifax has reported a significant improvement in the mortgage payments to earnings ratio.For the average first-time buyer, mortgage repayments account for 31% of average income, down from a peak of 48% in 2007 and below the long-term average of 37% recorded over the past 25 years.Furthermore, the [...]
Affordability for first-time buyers below 25 year average
