Mortgage affordability fails to impress first-time buyers
Britain’s homeowners are typically finding their mortgage repayments twice as affordable as when house prices peaked, in 2007. Research from Halifax has revealed that in June, the average monthly mortgage repayment accounted for 28% of disposable income, compared to 50% three years ago. However, first-time buyer numbers fell to 94,600 in the first six months [...]
Mortgage affordability fails to impress first-time buyers
