Mortgage affordability stabilizes

July 2005
Credit Control;2005, Vol. 26 Issue 7, p55
Trade Publication
The article reports that according to a recent survey, the average borrower spends 18.6 percent of their income on their mortgage in Great Britain. The only region to show an increase in the survey was London. The East Midlands and Wales became more affordable dropping 0.2 percent to 16.3 percent and 16.2 percent respectively.


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