Il pagamento dell’affitto in tempo potrebbe finalmente iniziare ad aiutare gli affittuari a ottenere un mutuo
Paying rent on time could finally start helping renters get a mortgage: ‘A very positive step’
di HadjiChippoSafri
Il pagamento dell’affitto in tempo potrebbe finalmente iniziare ad aiutare gli affittuari a ottenere un mutuo
Paying rent on time could finally start helping renters get a mortgage: ‘A very positive step’
di HadjiChippoSafri
4 commenti
Always amazed me that it didn’t. I remember my 1st mortgage application. Apparently the £7 a month to Netflix and £40 at a pub were significant, but the £900 every month going to Savills wasn’t.
“The reforms will see mortgages offered at more than 4.5 times a buyer’s income, which Labour claims will create up to 36,000 additional mortgages in its first year in operation.”
Being able to borrow at increasing ratios of your earnings is what got the property market into this mess in the first place.
It’s definitely a positive step so far as affordability checks go, but it doesn’t change the larcenous cost of property or the deposits and lending multipliers which apply and which are a barrier for first time buyers.
Unfortunately if those are also relaxed, it will just push prices up. Look what happened when women’s incomes could be taken into account, or when interest rates were low – prices just went up as there was more credit available.
The only solution – the only one – is to build more and drive up supply.
Think they already do this because my broker was able to use my history paying rent to get my mortgage.