Mortgage lenders’ attempts to lure in first-time buyers have stepped up with the UK’s biggest building society allowing some to borrow more.
20 points
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.
10 points
Current interest rates with six times my salary - not sure I could even afford the repayments.
5 points
What could go wrong?
5 points
It’s a shame wages weren’t keeping pace.
11 points
I guess the people who profited from 2008 have decided it’s time for another slurp at the trough.
