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From table 2 at the link http://www.cml.org.uk/cml/media/press/2802

FTB Average income multiple 3.19

LTV 80%

If average FTB age is 37, then an average FTB house with 20% deposit is only just about affordable when your are 4 years off peak earning (41 or so). Think about that for a minute. An FTB needs to be close to peak earnings to affordably (3x salary by historical standards) buy a FTB house affordably (around 3x salary). Are these guys ever even gonig to be able to get off the first rung?

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