Mortgages are now the most affordable since the mid-1990s, says Halifax
(The Guardian Money News)

Research shows just 29% of UK homeowners´ disposable income is being eaten up by home loan paymentsThe proportion of homeowners´ income being swallowed up by mortgage payments is now one of the smallest since the mid-1990s, according to the Halifax. It said typical mortgage payments accounted for less than a third (29%) of homeowners´ disposable income in the last three months of 2017 - down from almost half (47%) during the same period in 2007. This figure is also `comfortably below` the long-term average of 35% for the period between 1983 and 2017.This is a boost for those who have a mortgage and those preparing to take their first step on the property ladder Continue reading...