Upload
meghan-mclaughlin
View
214
Download
1
Tags:
Embed Size (px)
Citation preview
Up to 63% of young working households (aged 21-39) incomes too high for HB, but too low to purchase a LQ priced home
Average FTB in Lewisham, could raise a mortgage* of £80k, however the lowest priced flat is £157k
Subject to the availability of mortgage finance, average household income £20-25k p.a. Based on an advance of 75% LTV on 3 x income, 25 yr re-payment mortgage, figures correct as of September 2010
Cost of living across various tenures – LB Lewisham
Innovative affordability calculator to inform strategy & policy makers
About Hometrack
Hometrack is the property analytics business providing independent intelligence solutions to the UK housing and financial industries. The company, established in 1999, delivers automated valuations and risk analysis services to over 90% of UK mortgage lenders. These include valuation for mortgage application, portfolio whole loan trading and securitisation, fraud protection, unsecured credit decisions, client segmentation and profiling. An automated valuation model (AVM) lies at the heart of Hometrack’s business. The AVM contains the industry’s largest database of surveyor valuations with over 17 million records, over 30 million price points and digital data records on every residential property in the United Kingdom. This represents the largest source of mortgage valuation records available to any single lending or surveying institution. Hometrack also supply information and consultancy services to the land and property sector including national and local government, housing associations, developers and institutional investors where data records exceed half a trillion updates per month. In 2007 Hometrack opened an office in Australia.
For further information:
Carole Oliver
T: 07889 995764
Level 6 The Chambers,
Chelsea Harbour
London
SW10 0XF
W: www.hometrack.co.uk