▲ 496 ▼ Don't forget to tip (lemmy.world) submitted 2 years ago by linguafranca@lemmy.world to c/lemmyshitpost@lemmy.world 133 comments fedilink hide all child comments
[–] shasta@lemm.ee 5 points 2 years ago (1 child) This is why you get a fixed rate mortgage permalink fedilink source parent hideshow 2 child comments replies: [–] Blackmist@feddit.uk 1 point 2 years ago (1 child) Is that standard in some countries? Most of the ones I see in the UK are like 5 years, max. permalink fedilink source parent hideshow 2 child comments replies: [–] homura1650@lemmy.world 3 points 2 years ago (1 child) It is standard in the US. Adjustable rate mortgages are available as well, but they have not been popular since the 2008 crisis. permalink fedilink source parent hideshow 2 child comments replies: [–] Blackmist@feddit.uk 2 points 2 years ago Yeah, that's understandable. The US got the brunt of that particular crisis. The UK didn't seem quite as bad, although I did notice you needed a much larger deposit after that. Pre subprime-crisis they were cheerfully handing out 110% mortgages, which in retrospect was fucking mental. permalink fedilink source parent
[–] Blackmist@feddit.uk 1 point 2 years ago (1 child) Is that standard in some countries? Most of the ones I see in the UK are like 5 years, max. permalink fedilink source parent hideshow 2 child comments replies: [–] homura1650@lemmy.world 3 points 2 years ago (1 child) It is standard in the US. Adjustable rate mortgages are available as well, but they have not been popular since the 2008 crisis. permalink fedilink source parent hideshow 2 child comments replies: [–] Blackmist@feddit.uk 2 points 2 years ago Yeah, that's understandable. The US got the brunt of that particular crisis. The UK didn't seem quite as bad, although I did notice you needed a much larger deposit after that. Pre subprime-crisis they were cheerfully handing out 110% mortgages, which in retrospect was fucking mental. permalink fedilink source parent
[–] homura1650@lemmy.world 3 points 2 years ago (1 child) It is standard in the US. Adjustable rate mortgages are available as well, but they have not been popular since the 2008 crisis. permalink fedilink source parent hideshow 2 child comments replies: [–] Blackmist@feddit.uk 2 points 2 years ago Yeah, that's understandable. The US got the brunt of that particular crisis. The UK didn't seem quite as bad, although I did notice you needed a much larger deposit after that. Pre subprime-crisis they were cheerfully handing out 110% mortgages, which in retrospect was fucking mental. permalink fedilink source parent
[–] Blackmist@feddit.uk 2 points 2 years ago Yeah, that's understandable. The US got the brunt of that particular crisis. The UK didn't seem quite as bad, although I did notice you needed a much larger deposit after that. Pre subprime-crisis they were cheerfully handing out 110% mortgages, which in retrospect was fucking mental. permalink fedilink source parent
