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Sportgage 1.6 t-gdi AWD DCT GT line
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Interest rates of 0.5, 1 or 2% are still low rates, but yes I could only borrow 3 times my salary in 1999. If those rules applied today I would have to put half the value of the house as a deposit, house prices have just got silly.

Endowment mortgages were the big thing when I bought my house, and I remember thinking at the time that I couldn't see how they would ever work, and they didn't.
 

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Sportgage 1.6 t-gdi AWD DCT GT line
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534 Posts
I wasn't willing to take the risk with an endowment mortgage, they're OK in good times but if things take a dive your stuffed, and it seems the time I took mortgage out was the bad time. They did mention life insurance when I went for the mortgage but as I was single I didn't bother getting it.
 
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