News Tag: ratio
May 7, 2009
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 house price to average ...
Affordability for first-time buyers below 25 year average
by Gill Montia
April 19, 2009
UK house prices are becoming increasingly affordable, especially for those who can stump up a substantial deposit.
Research from Halifax shows an improving trend over the past 18 months, in terms of the proportion of earnings spent on mortgage payments.
For new borrowers with 30% to put down, the proportion has fallen from a peak of 48% of earnings in late ...
Affordability blossoms for those with a 30% deposit
by Gill Montia
March 31, 2009
There is more bad news for Japan today after the statistics bureau in Tokyo announced that the unemployment rate has risen to a 3-year high of 4.4%, up from 4.1% in January.
The Government said that the number of people out of work in Japan last month stood at 2.99 million, up by 330,000 from the previous year.
The export-dependent economy, ...
Fears for Japan as unemployment rate hits 4.4%
by Kay Murchie
January 1, 2009
Potential first-time buyers are in a stronger position to purchase a home than at any time in the past five years.
According to Halifax, the first-time buyer affordability ratio has steadily improved during 2008 and the trend should continue in 2009.
Research from the lender indicates that the average house price to earnings ratio has fallen from a peak of 5.84% in July ...
Affordability ratios soften for first-time buyers
by Gill Montia
