Buying a new home in Britain became a little more affordable this year as average wages rose faster than house prices and mortgage costs, the country’s largest mortgage lender said on Thursday.
Halifax, part of Lloyds Banking Group (LLOY.L), said the average house in the third quarter of 2024 cost 6.55 times the mean annual full-time income, down from 6.62 in 2023 and a record high of 7.24 in mid-2022.