Interest Rates - How aware are new borrowers ?

Interest Rates - How aware are new borrowers ?

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Discussion

jayxx83

504 posts

196 months

Thursday 27th February 2020
quotequote all
Most lenders are stressing at 7% rates in the background.

Most don’t exceed 5x loan to income. There are the odd that do 5.5

Main thing to avoid is help to buy aka “help to lose”. Much better to buy an older house that may need a touch up with 5-10 pc deposit than an over priced cardboard box that is lining someone else’s profit margin.