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Mortgage Affordability Increasing

http://www.thinkmoney.com Posted by mortgagedoc 1204 days ago

Falling house prices have led to greater affordability, HBOS has reported, supplying figures to back up the claim.

As Reuters reports, HBOS estimates that the house price to earnings ratio fell to around 4.4 in December, its lowest in 5½ years. A ‘key affordability measure’, this ratio compares the average cost of property with the average gross annual earnings.

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