The UK's biggest building society will let some first-time buyers borrow up to six times their income.

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

  • @[email protected]English
    20•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.

  • HossenfefferEnglish
    11•2 months ago

    I guess the people who profited from 2008 have decided it’s time for another slurp at the trough.

  • @[email protected]English
    10•2 months ago

    Current interest rates with six times my salary - not sure I could even afford the repayments.

  • GreatAlbatrossMEnglish
    7•2 months ago

    Here comes the next house price hike wave, then.

    Nationwide are also launching deals under 4%.

  • MonsterMonsterOPEnglish
    6•2 months ago

    It’s a shame wages weren’t keeping pace.

  • @[email protected]English
    3•2 months ago

    I’m going to assume that by “some” they really mean “the rich ones where mummy and daddy have provided a massive deposit”