ONLY people earning upwards of £43,000 a year can afford a typical West Midlands mortgage, according a new report by the National Housing Federation.
The average worker earning £24,000 would need a staggering £19,000 pay rise (79 per cent) to get a mortgage for an average home in the region.
Home Truths 2015/16 portrays a gloomy picture for renters, too. Private renters currently fork out around £567 a month in the West Midlands, 28 per cent of their pay packet.
