Mortgage lenders’ attempts to lure in first-time buyers have stepped up with the UK’s biggest building society allowing some to borrow more.
I guess the people who profited from 2008 have decided it’s time for another slurp at the trough.
Nationwide to launch mortgages at six times' income for first-time buyers
Submitted 1 month ago by MonsterMonster@lemmy.world to unitedkingdom@feddit.uk
https://www.bbc.co.uk/news/articles/c5y947573k5o
Comments
Hossenfeffer@feddit.uk 1 month ago
ladel@feddit.uk 1 month ago
Current interest rates with six times my salary - not sure I could even afford the repayments.
GreatAlbatross@feddit.uk 1 month ago
Here comes the next house price hike wave, then.
Nationwide are also launching deals under 4%.
mannycalavera@feddit.uk 1 month ago
Six times income! Fucking heck.
Build more houses you bastards!
MonsterMonster@lemmy.world 1 month ago
It’s a shame wages weren’t keeping pace.
Emperor@feddit.uk 1 month ago
What could go wrong?
Blackmist@feddit.uk 1 month ago
I’m going to assume that by “some” they really mean “the rich ones where mummy and daddy have provided a massive deposit”
StarlightDust@lemmy.blahaj.zone 1 month ago
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.