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Not that difficult to buy a home in UK, claims NatWest chair (www.theguardian.com)

submitted 10 months ago by GreyShuck to c/unitedkingdom

14 comments fedilink hide all child comments

The chair of NatWest has claimed it is not “that difficult” to get on the property ladder, despite the number of first-time buyers with a mortgage falling to the lowest level in a decade.

“I don’t think it is that difficult at the moment,” Sir Howard Davies told the BBC.

Pressed about this assertion, he added: “You have to save, and that is the way it always used to be.”

His comments to Radio 4’s Today programme follow a report published earlier this week by Yorkshire Building Society, which found that the number of first-time buyers who bought a home with a mortgage fell to the lowest level in a decade in 2023.

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[–] kaitco@lemmy.world 3 points 10 months ago

Not just verbal.