Mortgages in NI take up less earnings
Local homeowners use a smaller proportion of their disposable income to pay their mortgages than almost anywhere else in the UK, figures have shown.
On average, mortgage payments make up just over one-fifth of outgoings among property owners here, according to figures for the fourth quarter of last year.
Across the UK, Halifax calculated that new borrowers would expect to spend 30% of their take-home pay on their mortgage in the final quarter of 2016.
In London, meanwhile, mortgage payments swallowed up nearly half (48.6%) of earnings.
The city is the only region where mortgage payments are above their long-term average as a proportion of earnings.
West Dunbartonshire in Scotland was identified as the most affordable local authority area, with mortgage payments there taking up 15.4% of disposable earnings.