Not that difficult to buy a home in UK, claims NatWest chair (www.theguardian.com)

submitted 8 months ago by GreyShuck@feddit.uk to c/unitedkingdom@feddit.uk

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The chair of NatWest has claimed it is not “that difficult” to get on the property ladder, despite the number of first-time buyers with a mortgage falling to the lowest level in a decade.

“I don’t think it is that difficult at the moment,” Sir Howard Davies told the BBC.

Pressed about this assertion, he added: “You have to save, and that is the way it always used to be.”

His comments to Radio 4’s Today programme follow a report published earlier this week by Yorkshire Building Society, which found that the number of first-time buyers who bought a home with a mortgage fell to the lowest level in a decade in 2023.

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[-] kaitco@lemmy.world 3 points 8 months ago

Not just verbal.

this post was submitted on 05 Jan 2024

55 points (95.1% liked)

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