Where Can You Afford to Buy a House? Interactive Map

cakeforbrains

Guardian Interactive Map Link

This is really interesting. Just type in your income and the map will show you where you can an cannot afford to buy an average property.

missyrichards

42% of England and Wales would be beyond your means in 2014.

wymondham

93% of England & Wales are beyond my means in 2014, although I own my house outright purchased in 1990. crazy world indeed!

Carl31

29% unaffordable. Thing is, where it is affordable I doubt I would get the same salary anyway

ging84

Completely misleading map, it declares anywhere you couldn't buy a property at the median price beyond your means, everyone should be an above average earner, live in an above average house, send their kids to an above average school....

chewmylegoff

I can afford to buy the whole of Barrow in Furness but it says I cannot to buy the house I bought 15 months ago.

Mistermeaner

24%

Seems pretty crude though; assume couples should enter joint income but how does it know to treast you as a couple re tax and also ignores any savings for deposit etc and outgoings which is v important re mortgage affordability

Assume it applies some basic multiple to salary for max loan value. Assumes x LTV and then looks at minimum house price in each area.

Based on my salary etc I know for a fact that I could get a mortgage for 300k and would have a 50k deposit so while it might be a bit of a !!!! hole I would assume I could buy in London edinburgh and Glasgow all of which where blanketted red for me.

chewmylegoff

Mistermeaner wrote: »

24%

Seems pretty crude though; assume couples should enter joint income but how does it know to treast you as a couple re tax and also ignores any savings for deposit etc and outgoings which is v important re mortgage affordability

Assume it applies some basic multiple to salary for max loan value. Assumes x LTV and then looks at minimum house price in each area.

Based on my salary etc I know for a fact that I could get a mortgage for 300k and would have a 50k deposit so while it might be a bit of a !!!! hole I would assume I could buy in London edinburgh and Glasgow all of which where blanketted red for me.

It tells you very clearly how it works it out!

Cornucopia

10/10 for design
2/10 for underlying concept

People don't buy average houses with just their salary.

Mistermeaner

chewmylegoff wrote: »

It tells you very clearly how it works it out!

Sorry I'm on a kindle and clearly saw a limited view. I couldnt see a key to the colours either but assumed dark red is can't buy

Could you copy and paste the bits about how it works I'm genuinely interested. Thanks

ukcarper

Where do they get their figures from I've never seen medium house prices at such a local level.