Average mortgage payments as a proportion of income have dropped from 43% in 2008 to 31% in 2018
'Owning a home with a mortgage now more affordable than 10 years ago', according to mortgage firm Private Finance, despite house prices soaring by 29%.
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Mortgage lending to fall in 2024, predicts UK Finance
'We expect lending to remain weak in 2024, with a gradual improvement in affordability reflected in a modest increase in activity levels in 2025,' says banking industry trade body.
Property Industry Reactions: Interest rates held at 3.75% for a fifth time
Most pundits think the UK central bank's latest vote represents welcome 'stability' for the market.
Industry Reactions: BoE cuts interest rates to 3.75%
Central Bank confirms sixth rate cut since August, as inflation eases further towards target.
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