UK Mortgage Rate History Vs Affordability [gwbi8sOoSrw]
Mortgage rates have changed dramatically over the last 50 years, but rates alone do not tell the full story. In the 1970s and 1980s, borrowers often faced double digit mortgage rates, but homes typically cost around 3 to 4 times average annual income. Today, mortgage rates are lower than those historic peaks, but the average house price is now around 9 times annual earnings, making affordability a very different challenge. Mortgage rates shown are historical UK averages. House price to income figures are long term approximations based on historical UK house prices and earnings, intended to illustrate how affordability has changed over time. Rates and affordability vary depending on the dataset, mortgage product, region, loan to value and individual borrower circumstances. #property #mortgage #home #buyingahouse #personalfinanceDeal Sourcing Guide: Anti Guru Property Program: 🏠 [Offers lifetime access to classes, exclusive videos, training and documents required for property investing] FREE NEWSLETTER: Free 3-month subscription to Lendlord Premium! 💰Etoro sign up: Use the code FYV10 for 10% discount of your superfood blends: Links to me: Instagram: Website: