Mortgages in London are the least affordable in the UK but better than in 2007

Getting a mortgage to buy a property in London is at its least affordable in a decade but nationally in the UK home loan affordability has remained steady, lender research has found. While London mortgages have become increasingly less affordable over the past decade, but they remain below the 2007 peak when mortgage payments were 52.4% of earnings, according to the study from the Halifax. Mortgage affordability across the UK has remained at or just below the 30% of average disposable earnings since 2009 and the top 10 least affordable home loans are in London and the South East while the most affordable are in Copeland in the North West of England.