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  • getting so frustrating being priced out by folk (mostly developers) with cash to burn above the market value.

    My wife and I earn good money and can get a very decent mortgage but when someone offers £20k over the home report value we just can't pull that kind of cash (on top of our deposit) out.

    More frustrating to know that we're both earning above the national average - if it is this bad for us, what hope do others have?

  • Perhaps it people with huge deposits ie from parents or inheritance.
    Apparently using buytolet mortgages which don't look at salaries but rental potential.
    Mortgage fraud is rife. But much better since the dark days of self certified.
    It's crazy they even existed.

  • Some of it is that but according to our advisor there are a lot of developers out bidding 'normal' people

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