§ Mr. FlightTo ask the Chancellor of the Exchequer what the average income multiple for mortgages agreed in the last financial year was for(a) individuals and (b) couples. [15927]
§ Ms KeebleI have been asked to reply.
1007WThe average income-to-advance ratio for mortgaged house purchases during the last financial year is estimated to have been (a) 2.49 for individuals and (b) 2.17 for couples.
Mortgage repayments as a percentage of income for those buying homes during the last financial year are estimated to have been (a) 17.4 per cent. for individuals and (b) 15.4 per cent. for couples. During the third quarter of 2001 these figures were (a) 15.4 per cent. for individuals and (b) 13.3 per cent. for couples.