£ 50000 on average need to earn buyer in the UK to get a mortgage

Buyers, who decided for the first time to buy a property in the UK, should earn on average £50,000 a year to get a mortgage. This is a very large salary, even for the UK. In 51 of the 65 cities in the UK, the average salary is below the specified minimum.

Website GoCompare did a study comparing wage levels in the UK and the conditions of obtaining a mortgage in different regions.

The most affordable city in the UK city of Blackburn, where only £14000 a year is enough to earn him the resident to afford to buy property on credit. And the most expensive and unaffordable city of course London, where the purchaser of a modest flat in London in a mortgage must earn 10 times more – £140000. To buy a house in London in credit , the income a potential buyer should be £275000, while the average salary in the capital of the United Kingdom is only £30338 per year. In addition to the city of Blackburn, where the most affordable properties in the UK, it is Hull city, Blackpool, Grimsby and Stoke-on-Trent , here the buyer gently to earn just £15,000 a year to get a Bank loan to buy themselves homes.

The most expensive UK cities outside London are Brighton, Edinburgh, Bristol and Oxford, where , to have a chance to qualify for a mortgage, you need to earn £60000, £60000, £58000, £54000 per year respectively.

The pricing in the real estate sector affects not only the level of wages, which is a consequence of the General employment of the population, but the population growth in a particular area of the UK. The gap in living standards between London and the outlying cities of the UK is increasing, but also can not disturb the fact that in other cities, housing is becoming less affordable. For example, in Brighton, to buy on credit is a detached house, you have to earn £180000 a year. It is 6 times more than the average wage in London.

® Alice Morgan. 04/11/2015,

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