Positive shift in mortgage affordability

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Positive shift in mortgage affordability

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01-28-2010, 10:45 AM

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Positive shift in mortgage affordability

Homeowners in England and Wales saw a 20% drop in the proportion of their take-home pay spent on monthly mortgage repayments in 2009.The latest mortgage affordability research from Barclays’ Woolwich lending arm reveals that in December 2008, mortgage borrowers spent an average £196 of every £1,000 of their monthly take-home pay on their home loans. [...]

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