Scotland leads the UK in terms of mortgage affordability – assessed as the proportion of disposable earnings devotes do mortgage payments – says Bank of Scotland, whose data for the last quarter in 2016 showed average mortgage payments in Scotland were 19.8 per cent of disposable earnings, compared to 29.7 per cent for the rest of the UK.
The most affordable local authority district in Scotland is also the UK’s most affordable – West Dunbartonshire, where mortgage repayments were 15.4 per cent of disposable income, followed by North Lanarkshire (15.6 per cent), East Ayrshire (14.6 per cent), Renfrewshire (16.6 per cent), Inverclyde (16.8 per cent), Stirling (17 per cent) and Falkirk (17.2 per cent). Mortgage affordability in Scotland has improved by 17.5 percentages points since reaching a peak of 37.3 per cent in the third quarter of 2017.
Source: heraldscotland