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Evening Standard
Evening Standard
Business
Ella Jessel

Rising mortgages: London homeowners spending nearly a third of monthly income on repayments

London’s homeowning households are now spending nearly a third of monthly income on mortgage repayments amid climbing rates, new data has shown

The worst borough for mortgage affordability is Camden, according to research by property lending experts Octane Capital. In the north London borough, the cost of a mortgage swallows up an eye-watering 43 per cent of the average monthly household income.

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