Mortgage Bills Swallow One Third of Average Scots Wage

Summary


MORTGAGE repayments account for one third of monthly income in Scotland, according to figures which illustrate the widening "affordability gap".

Homeowners in Edinburgh face the highest pay-outs, with half of their salary eaten up by loan commitments.

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Extract


Mortgage Bills Swallow One Third of Average Scots Wage

Buyers also face having to borrow more than four and a half times their annual salaries as the buoyant housing market continues to outgrow pay rates, according to the stu...

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