The Guardian is reporting salaries by profession from ONS data
https://www.theguardian.com/money/2016/oct/31/highest-paid-jobs-2016-ons-annual-survey-hours-earnings
Take doctors, Median is £75k, 90th percentiles is £132k
It is the 8th highest paid profession. The top is for financial traders / brokers - but too few reported to allow proper statistics. They had an average of £132k.
The BoE are looking at mortgages multiples of 4.5 times...
So median doctor can borrow £337k, top paid 10% of doctors can borrow £594k
So how can house prices be where they are?
Either mortgages are all much bigger than let on, or most people are committing tax fraud?