HOMEBUYERS in Scotland spend less of their income on their mortgages than anyone else in Britain, a report has found.
HOMEBUYERS in Scotland spend less of their income on their mortgages than anyone else in Britain, a report has found.
PEAKS AND TROUGHS: In East Ayrshire, which includes towns such as Darvel, mortgage payments account for 15% of disposable earnings. Picture: Angela Catlin
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David Leask
One-fifth of a buyer's income north of the Border goes on mortgage payments, compared with as much as 38% just five years ago, and the lowest level for a decade.
Those buying a home in Scotland can expect to spend an average of 20% of their disposable income on the mortgage, compared with 35% in London, 24% in the north of England and 25% in Wales.
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