High loan-to-income mortgages rise to 46% of advances
Nearly half of all mortgage advances in the second quarter went to borrowers with high loan-to-income ratios, according to FCA and Bank of England data. The 46% figure represents an increase from 41.4% a year earlier, raising concerns about long-term affordability. The post High loan-to-income mortg
<p>Nearly half of all mortgage advances in the second quarter went to borrowers with high loan-to-income ratios, according to FCA and Bank of England data. The 46% figure represents an increase from 41.4% a year earlier, raising concerns about long-term affordability.
The post High loan-to-income mortg</p>