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

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