All London boroughs now ‘unaffordable’ for local salaries — here’s the pay increase you’d need to afford a home in your area

Every London borough is now out of reach to local buyers, according to exclusive data shared with Homes & Property.

Analysis carried out by alternative-funding provider Wayhome found that, across London, two people buying together now need above-average income for their area to be able to borrow enough for a typical local property — even assuming a 15 per cent deposit and a lender offering four times their joint salary.