Why are you so hell bent on rubbishing a positive report? Why can’t you take it for what it was - indicating that there has been improvement in the house buying market?
For clarity, I didn’t link those posts to say how wonderful the world is, more that things aren’t as bad as predicted on this board.
One of the reports I linked up was with regard the house buying market and therefore nothing to do with Equity Release - which is a completely different product. So no torpedo in that report.
No. Simply not true. The housing market, over the last 20 odd years, has ballooned to the point where some cities are simply unaffordable for people early in their careers and unless the bank of Mum and Dad is awash with cash then they can’t help. Absolutely nothing to do with selfish Brexit voting generation.
Take this @Eadwig
The average house price for a flat, in London, according to Zoopla, is £497k. Assuming an 80% mortgage, then Bank of Mum and Dad would need to provide £100k (ignoring associated fees). If they have more than one child, then it’s crippling - and all that assumes that their child can borrow £400k, meaning they’d need to earn £100k!
What on earth has that to do with the selfish Brexit Voting Generation? This has been going on way before the Referendum.
And if Brexit is going to be as bad as you reckon, then house prices will fall and become more affordable to a generation that was previously priced out.
But hang on, what’s going?