Building more homes Contents

Annex 1: Mortgage affordability for first time buyers

1.Capital and interest payments as a percentage of income have decreased for first time buyers since 2008:

Table 9: New mortgage affordability, UK first time buyers

Year

Interest payments as a percentage of income, median

Capital and interest payments as a percentage of income, median

2005

16.5

21.6

2006

16.8

21.9

2007

19.4

23.8

2008

19.6

24.0

2009

14.9

20.9

2010

13.3

20.0

2011

12.8

19.6

2012

13.2

19.8

2013

11.8

19.3

2014

11.6

19.4

2015

10.1

18.5

Source: Data provided by the Council for Mortgage Lenders





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