Extract from Westminster Hall debate on Housing Supply - July 13
Friday, 14 July 2017 07:51
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Tony Lloyd (Rochdale) (Lab):...When we still have the concept that
a £450,000 property is affordable, we are living in the realms of
fantasy. The traditional lending ratio that Building
Societies offer is 4.5:1. By definition that means that
someone needs a family income of £100,000 for that affordable
property. Most of us would not regard that as being the income of
the people we want to target affordable housing towards... To read
the whole debate, CLICK HERE...Request free trial
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