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.

  • StarlightDust@lemmy.blahaj.zoneEnglish
    16·
    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.