Name two major categories of outgoings that affect affordability calculations.

Name two major categories of outgoings that affect affordability calculations.

• A. Housing costs (mortgage payments, rent, council tax) only
• B. Housing costs (mortgage payments, rent, council tax) and essential living costs (utilities, transport, groceries)
• C. Essential living costs (utilities, transport, groceries) only
• D. Savings and investments

Answer: (B)