Point of information - it's not £20k per year, it's £20k in total, with £10k in the 1 year bond, and £10k (maximum) in the 3 year bond.
And also, the comment on your linked stat above
Quote:
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For those aged 25 to 34, the percentage of owner occupiers declined from 58 per cent in 2001 to 40 per cent in 2011. This suggests a decline in first time home buyers, who would usually be within this age group.
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It could also suggest a rise in people in that age group blowing their disposable income on other things, like most of the ones in Leeds you can see in trendy bars at the top of Briggate or around the Trinity Arcade/Calls Lane/Corn Exchange on a Thursday/Friday/Saturday night...
Some interesting stats here -
http://www.economicshelp.org/blog/57...ts-and-graphs/
I found this one informative, as it reflects my own experiences..
So perhaps we didn't have it as easy as is stated, with mortgage payments over 50% of salary....