Under the Tories the gap between wages and house prices is widening. In 1995, if you were on average pay and wanted to buy a house it would have cost between 3.2 times and 4.4 times your pay. Now, in many parts of England and Wales, houses are typically costing 6 times average earnings and in London it is twelve times.
Most mortgage lenders will not let you borrow more than 3.5-4 times your income and house prices have risen so much under the Tories that if your income is £25,000 a year you cannot afford to buy an average house in 93% of England and Wales.
Even in Wallasey, where house prices are lower than the average for the North West, you would still find your choice limited. An income of £25,000pa would mean that, depending on which part of Wallasey you were looking at, average house prices would be 3.4-5 times your income. To find out where you could afford to own your own house under the Tories click here