‘UK housing affordability improves, but high mortgage rates still pose a struggle’

Housing is more affordable than a year ago, according to the UK’s biggest mortgage lender, but high mortgage rates mean it is still a stretch. The Halifax, part of Lloyds Banking Group, said that a typical home in the UK cost 6.7 times average an…

Housing is more affordable than a year ago, according to the UK’s biggest mortgage lender, but high mortgage rates mean it is still a stretch. The Halifax, part of Lloyds Banking Group, said that a typical home in the UK cost 6.7 times average annual earnings of a full-time worker. This is down from 7.3 […]

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