Owning your own home

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NickCJ in reply to @Hefty

It’s mental, but in 2009 there were plenty of folk who were paying variable rate who couldn’t remortgage on to a lower rate even with the same lender because they in theory couldn’t afford it, despite the fact it would bring payments down.

These are the same folk that had l̶i̶e̶d̶ ̶a̶b̶o̶u̶t̶ self-certified their income, right?

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Velocio in reply to @NickCJ

No. It could easily be change in circumstances such as partner being out of work or divorce or increased living costs (oldies moving in)... there's a lot of reasons people can't afford things and it doesn't have to be their fault.

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