rollover Posted February 4, 2016 Share Posted February 4, 2016 Potential homebuyers earning the average wage for their area are facing an epic struggle to get onto the property ladder solo. A median-priced property is now no longer affordable for median-earning solo buyers in 95 per cent of local authorities across England and Wales, Savills says. In fact there are just 16 locations that remain affordable, largely clustered in the North and Wales. http://www.dailymail.co.uk/money/mortgageshome/article-3430100/Could-average-earner-buy-home-area-Interactive-map-Savills-reveals.html As 20% help to buy was great success, it's time to increase it to 40% or 50%. Quote Link to comment Share on other sites More sharing options...
Wurzel Of Highbridge Posted February 4, 2016 Share Posted February 4, 2016 The calculations assumed that aspiring buyers were able to save up a 20 per cent deposit, and were then given a generous mortgage worth four-and-a-half times their income - the highest ratio that many lenders will offer. Quote Link to comment Share on other sites More sharing options...
FedupTeddiBear Posted February 4, 2016 Share Posted February 4, 2016 I know I'm getting really cynical but this type of article seems to shout "look where the prices are still lower - BTLers, get in there fast!!" Quote Link to comment Share on other sites More sharing options...
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