Mortgage payments for qualifying borrowers are more affordable than at any time in the past 15 years, a report has suggested.
The Halifax says new homeowners need just over a quarter of take-home pay to cover loans, the lowest proportion of their disposable earnings since 1997.Halifax attributed the drop to record low interest rates and weak house prices in most parts of the UK.
Halifax said low interest rates were a "key factor" in boosting mortgage affordability for new buyers
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