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Nationwide to launch mortgages at six times' income for first-time buyers (www.bbc.co.uk)

submitted 2 months ago by MonsterMonster@lemmy.world to c/unitedkingdom

8 comments fedilink hide all child comments

Mortgage lenders' attempts to lure in first-time buyers have stepped up with the UK's biggest building society allowing some to borrow more.

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[–] StarlightDust@lemmy.blahaj.zone 20 points 2 months 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.