Estate Agents In York

Tuesday, January 29, 2019

The new 100% mortgage won’t help low-income Generation Rent | Vicky Spratt

By only lending to those whose families can cough up a lump sum, Lloyds Bank is reinforcing the ludicrous housing market

If there’s anything more British than talking about the weather, it’s obsessing about house prices. This is a country where it’s taboo to ask someone their salary but perfectly acceptable to ask how much their house is worth (and look it up on Rightmove if they won’t tell you).

In recent years, it’s been harder to avoid talking about house prices than ever because, in many places around the country, they’re so out of control. According to the Office for National Statistics, the median price paid for a home leapt by 259% between 1997 and 2016, while earnings only rose by 68%.

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from Property | The Guardian http://bit.ly/2GdPzpx
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