What do you think of the decision by Britain’s second largest home loan provider to offer large multiple mortgages?
Abbey says it will offer borrowers five times their salary in order to help them get onto the property ladder.
The deal will be available for individuals or couples who can provide a 25% deposit for their house as well as an annual income of 50,000 or more.
The bank says that it is reacting to surging house prices but there are concerns that borrowing on this scale together with possible interest rate rises could leave would-be borrowers severely stretched.
What do you think of the Abbey’s proposals? Is a large multiple mortgage offer a good thing? Are you finding it increasingly difficult to buy your own property? Send us your comments and experiences.
We are looking to interview the following house-buyers:
Shared ownership or key worker purchaser; individuals with high multiple mortgage; people buying with friends or receiving help from family. If you would be happy to be interviewed by a BBC journalist please reply enclosing a contact phone number (this will not be published).
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