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> House prices aren't that tightly linked to incomes. House prices are more strongly influenced by interest rates and availability of credit. I believe banks i

> House prices aren't that tightly linked to incomes. House prices are more strongly influenced by interest rates and availability of credit. I believe banks in the UK don't lend you more than 4.5x - 5.5x of your income, regardless of interest rates.

notauser 5y ago
In the UK, lenders are resticted by the regulator - only 15% of their loans can be at greater than 4.5x income. As a result 5x and 6x income mortgages tend to be easier to get the more you earn.
- nly 5y ago
  5x and 6x loans also require lower LTVs