Really? It is not something I know about in reality, but google says that a load of familiar names do, and NatWest are now offering 91-95% LTV mortgages.A reputable mortgage lender is not going to give you a 90% mortgage
Really? It is not something I know about in reality, but google says that a load of familiar names do, and NatWest are now offering 91-95% LTV mortgages.A reputable mortgage lender is not going to give you a 90% mortgage
I would disagree with the "never" in the above post, as that sort of thing was blamed for the 2008 crash.Well, they never used to, because that was seen as a sign that you couldn't really afford the home you were trying to buy. Things clearly have changed.
And what if rental prices mysteriously never come down under any circumstances? What then?
I gave examples of things that are affecting it. They're not being addressed.If something else is going on distorting it that can also be addressed.
I gave examples of things that are affecting it. They're not being addressed.
Once again, your country is not the UK and your tired anti-immigration tirades have little, if anything, to do with the problems over here.
(conservatives may disagree, but if that's who you want agreeing with your Sensible Moderate Outlook then be my guest)
So what you're saying is that houses need to be made available?So my original points stadium. You need to ramp up construction if you can't you need less population growth short term.
Otherwise prices will go up.
So what you're saying is that houses need to be made available?
Yes, I said this already. It has very little to do with you trying to blame immigration. As usual.
You keep repeating this nonsense and it isn't backed up by anything.Housing needs to be available.
4 million extra people. I'm guessing that's immigration. I doubt UK has a birthrate higher than 2.1.
Council housing exists. I wouldn't call it an adequate solution given how much the councils keep being underfunded by government.Can you still rent out council housing?
I mean if the people who were given those houses, can still rent them to others (for a massive fee, obviously)Council housing exists. I wouldn't call it an adequate solution given how much the councils keep being underfunded by government.
You don't own council housing outright, as I understand it. You can get to own it, but there are some conditions, e.g. it being your only house? Or something legally similar. You wouldn't be able to rent in that situation.I mean if the people who were given those houses, can still rent them to others (for a massive fee, obviously)
I recall this was a thing a few years ago.
I am sure they were illegally renting out (subletting?) the apartmentsYou don't own council housing outright, as I understand it. You can get to own it, but there are some conditions, e.g. it being your only house? Or something legally similar. You wouldn't be able to rent in that situation.
I'm a bit lost, sorry. They? Who?I am sure they were illegally renting out (subletting?) the apartmentsNo contracts etc.
You keep repeating this nonsense and it isn't backed up by anything.
If housing is the problem, housing is the problem. If you can't wrap your head around this, that's your problem.
How much did it drive prices up by? As you Googled it, you must know?I just googled it. You took in 4 million people in 11 years.
They have to live somewhere. If they weren't there it would free up that housing reducing demand ergo price.