With house prices around the UK at all time highs, finding the most affordable mortgage is important. A recent survey found the most affordable mortgage could be found in Scotland, with payments equating to 19.8% of disposable income, as opposed to 29.7% for the UK. The region within Scotland with the best value was found to be West Dunbartonshire, followed by North Lanarkshire.

Key Takeaways:

• Mortgage affordability is best in Scotland, when compared to other parts of the UK.
• West Dunbartonshire is the most affordable place, with mortgage deposits of just 15% of disposable income.
• Other affordable areas include North Lanarkshire, East Ayrshire and Renfrewshire.

“Mortgage payments are at their lowest as a proportion of disposable earnings in Scotland (19%), Northern Ireland (20%), North (23%) and Yorkshire and the Humber (23%) and the North West (24%).”

http://www.propertyreporter.co.uk/finance/where-in-the-uk-has-the-best-mortgage-affordability.html