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80% LTV
£150-200k joint salariesI wouldn’t disagree with you in terms of it not being sensible but I do think there’s a reasonable amount of people who fit the above criteria in the market.
Tenderloin-
80% LTV
£150-200k joint salariesYep - but then you can't have children to put in your house. So why bother?
And then you have that weird thing that, by all standards, you are absolutely minted (£200k joint salary!) but you are living in a shitty two up two down behind a railway line with an HMO next door and a bunch of batshit crazy people the other side in an area that's a bit shrug having paid £40k+ sdlt for the privilege.
Yeah I I'm sure people do this. It's properly insane though. If there is a lot of them, they are all mad.
Howard
Even with a reasonable deposit (£200k?) the household income has to be huge though to get to £1m. We can do it because we've been in the market for years, but even then on a fair income it's a big push and we can't get it wrong what with £40k SDLT. It's mind boggling