The proporti on of homeowners income spent on mortgage payments is now one of the lowest in 10 years according to the Halifax.
Typical mortgage payments accounted for less than a third of homeowners’ disposable income at 29 per cent in the last three months of 2017 which is down from almost half, 47 per cent during the same period in 2007; house purchasers would have to look back to the 1990s to find a lower percentage.