The building society's economists chose this latest bulletin to touch on a disconcerting trend: the fact that while mortgage rates continue to reduce sharply, the "affordability" of property - as measured by the amount of income borrowers are committing to mortgage repayments - is not improving. In some areas it is deteriorating.
This reflects a period of static wages against rising house prices and a growing willingness of borrowers to stretch themselves, Nationwide's economists suggested. Read on and comment » | Richard Dyson | Friday, April 28, 2017
