Howard Davies criticised as being ‘out of touch’ as number of first-time buyers is at lowest level in a decade

The chair of NatWest has claimed it is not “that difficult” to get on the property ladder, despite the number of first-time buyers with a mortgage falling to the lowest level in a decade.

“I don’t think it is that difficult at the moment,” Sir Howard Davies told the BBC.

Pressed about this assertion, he added: “You have to save, and that is the way it always used to be.”

His comments to Radio 4’s Today programme follow a report published earlier this week by Yorkshire Building Society, which found that the number of first-time buyers who bought a home with a mortgage fell to the lowest level in a decade in 2023.

  • mannycalavera@feddit.ukEnglish
    20·
    11 months ago

    I mean… He’s right in the sense that you have to save and it’s always been like that. But in all other senses he’s a fucking moron.