Housing Market: Difference between revisions
→House price inflation
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| '''Mortgage Year''' || Typical mortgage repayments on the base mortgage rate. For those living in leasehold properties such as apartments, there will be a £2000 to £3000 annual fee on top of this.</br></br>
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|'''Percentage of Wage''' || The percentage of wage that is consumed in mortgage repayments. This is calculated on a single mortgage payer, whereas in many cases a property will be bought by a couple. However it is based on gross income before stoppages and is over 80% if tax,
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