Affordability Index

Mortgage affordability falls in first half of the year

Mortgage affordability falls in first half of the year

Mortgage affordability worsened in the first half of 2013, as the Government removed mortgage-interest tax relief for first-time buyers, the latest affordability index by lender EBS and economic consultants DKM shows. A single first-time buyer on average earnings who buys a house at the national average price typically spent…