Borrowers able to secure new home loans enjoy lowest payments proportionate to income for 15 years | This is Money

Borrowers able to secure new home loans enjoy lowest payments proportionate to income for 15 years | This is Money
Mortgage payments for new borrowers are at their lowest level for 15 years relative to earnings, a study said today.
Typical payments for first-time buyers and home movers with new loans stood at just over a quarter (26 per cent) of take-home pay, Halifax said.
But with the study basing its figures on the average borrower putting down 30 per cent of a home's value and the Halifax average house price standing at £161,000 - potential buyers need a £48,328 deposit to take advantage.