kilroy Posted December 10, 2010 Report Share Posted December 10, 2010 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? Quote Link to post Share on other sites
Executive Sadman Posted December 10, 2010 Report Share Posted December 10, 2010 They dont care, so long as BTLers fill the void. Quote Link to post Share on other sites
Democorruptcy Posted December 10, 2010 Report Share Posted December 10, 2010 Offer most of those FTBs a non-income verified 100% mortgage and they will snatch your hand off. They think they are victims if their borrowing is limited in anyway. You don't need to even mention what the house price is they will sign whatever you put in front of them. Quote Link to post Share on other sites
RichB Posted December 10, 2010 Report Share Posted December 10, 2010 before they locked down the data to subscribers only, I put together a few sheets based on their data. Check out these stats - only good till 2007 though.. http://www.housepricecrash.co.uk/forum/index.php?app=core&module=attach§ion=attach&attach_rel_module=post&attach_id=8387 Quote Link to post Share on other sites
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