Mortgages at lowest percentage of income in 35 years - CML

However, it warns positive market trends will tail off as the tough economic backdrop bites. The CML says monthly comparisons with last year are likely to be near zero or slightly negative over the coming months, due to the improving market seen in the second half of 2009 as the Stamp Duty holiday ended. Its  figures show homemovers continue to benefit the most from low interest rates with interest payments accounting for only 9.5% of their income in May, down from 9.6% in April and 11.4% in May 2009. It also revealed house purchase lending rose for the 11th consecutive month, albe...