Return of the supersized mortgage

First-time buyers are taking out mortgages that are, on average, 3.68 times their annual income – the highest since records began in the 1970s. Bank of England data shows that a quarter of mortgages are for 4.5 times someone’s salary or higher, compared to a fifth three years ago, with some lenders offering as much as six times borrowers’ salaries.

Daily Mail, Page: 10

Related Posts

Festive Season

As the festive season approaches, we would like to take this opportunity to wish you a very Merry Christmas and a prosperous New Year. Christmas ...


Congratulations from everyone at Bendall & Sons to Rachel Smith who has completed her Master of Laws in Professional Legal Practice with a Distinc...

First-time buyers make a comeback

Nearly 30% of home sales went to first-time buyers last month, the highest proportion in over a year, according to new data from various large estate ...