I'm very lucky in that I haven't had a mortgage for over 30 years, that's not gloating, jeez, if I still had one at my age, I would have to have done something
seriously wrong earlier on in my life!
It's ridiculous in England now, estate [realty] agents are prepared to loan young couples up to
three times their salary, but if they take up the offer, more than half of them
will struggle to meet repayments, one couple I know of got a simply huge mortgage [loan] then she got pregnant, six months later her husband had a serious accident at work & was hospitalised for three months, & is now unable to go back to the job he was doing, the only job he can do now is non-manual, ie sitting behind a desk at a quuarter of his previous salary, the government is trying to bring in legislation to reduce loans to twice the salary, the agents are just
bloody bloody greedy!!, my first mortgage was under £100 a month, but it was a long time ago, my heart bleeds for these youngsters today, it really does