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The West Midlands Combined Authority (WMCA) has redefined ‘affordable housing’ to mortgages or rent costing less than 35% of the lowest quarter of wage earners in the local area. This replaces the typically used ‘affordability’ definition of 80% of market value. The West Midlands is the first UK region to introduce a local definition, which […]

The post The West Midlands redefines ‘affordable housing’ appeared first on PropertyWire.

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