The stress test have been very tightly applied and in many cases caused harm. It is these stress test that mean someone paying rent on a property couldn’t buy it for a lower monthly payment.
This will almost certainly abused, with the government planning to allow applicants to use benefits towards affordability it’s just throwing fuel on the fire.
It is absolutely the worst time to be trying this nonsense but this will all be forgotten in 3-5 years when these defaults start to happen. Keep an eye on the specialist lenders like Aldermore, Kensington & Vida from 2026 ish.
All this to keep Conservative votes happy with their house price rising.
Except he does it daily. His job is an outdoor pursuits company based in Wales. Stating has saved ‘thousands’ - this isn’t a one off because of the strikes.
It’s scum news & the guy going for easy advertising.