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UK: Housing market affordability at ‘12-year high’

Posted on 31 August 2011

The proportion of income devoted to mortgage payments is at a 12-year low, according to research from Halifax. Across the UK , typical mortgage payments for new borrowers stood at 28 per cent in the second quarter of 2011, the lowest level since 1999, the study revealed.
This figure was also reported to be down by almost half from a peak of 48 per cent in the third quarter of 2007……………………………………….Full Article: Source


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