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A Record Small-Deposit Share vs. £242,000 Homes: What the Number Counts
A BBC item reports the share of UK mortgages with smaller deposits is the highest since 2008 and profiles borrowers who bought a £242,000 home without a deposit. Neither the share nor the anecdote measures how much leverage borrowers actually carry. I explain what would: the loan-to-value distribution and debt-service data, and why a single case cannot stand in for either.