Mortgage lenders’ attempts to lure in first-time buyers have stepped up with the UK’s biggest building society allowing some to borrow more.
Here comes the next house price hike wave, then.
Nationwide are also launching deals under 4%.
I’m going to assume that by “some” they really mean “the rich ones where mummy and daddy have provided a massive deposit”
They did this before 2008 and it ended up being responsible for the credit crunch. Housing needs to cost an amount that doesn’t require such extreme mortgages.
I guess the people who profited from 2008 have decided it’s time for another slurp at the trough.
Six times income! Fucking heck.
Build more houses you bastards!
Current interest rates with six times my salary - not sure I could even afford the repayments.
What could go wrong?
It’s a shame wages weren’t keeping pace.
