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Lenders Are Using ‘affordability’ As An Excuse To Offer Huge Loans.

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IT’S the classic recipe for a housing crash: lenders are bending their rules to let borrowers have bigger mortgages.

Instead of the traditional 3.5 times annual salary, many banks and building societies have moved to a new yardstick, called "affordability".

Stroll-ON! :)

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Sign on up for a life sentence, come on make us Banks lot's of lovely money - we deserve it! Make sure you squirrel your some money away in case you lose your job. Furnish your home with tack from car boot sales and second hand shops. Everything will be okay remember house prices always rise, interest rates always stay low or fall lower and you will never have an unforeseen event happen to you in your life which could screw things up, e.g. get sick

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  • 302 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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