Nationwide to launch mortgages at six times' income for first-time buyers

The UK's biggest building society will let some first-time buyers borrow up to six times their income.

Mortgage lenders' attempts to lure in first-time buyers have stepped up with the UK's biggest building society allowing some to borrow more.

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They did this before 2008 and it ended up being responsible for the credit crunch. Housing needs to cost an amount that doesn't require such extreme mortgages.

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