Mortgage rates hitting affordability!
No s**t sherlock
In a monumental and unforseen piece of news……..
According to Nationwide, high mortgage rates means that affordability is still "stretched" for many home buyers.
The average house price is now £266,064.
The average Gross UK Salary is £35,724.
That works out at a ratio of 7.44.
That ratio will be higher given that we are only looking at the Gross Salary and no…
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