NatWest’s chairman has said he believes it is not currently “that difficult” for people to get on the housing ladder.
Sir Howard Davies said people have always had to save for a deposit but admitted you had to save more today.
He told the Today program that he recognised people were “finding it difficult to start the process”, but warned of “dangers” in “very easy access to mortgage credit”.
His comments come as mortgage interest rates have started to fall, but overall remain higher than in recent years.
The average price of a property in the UK is currently £287,105, according to figures released by Halifax, the UK’s biggest mortgage lender.
I suspect many people will struggle to recognise Sir Howards comments which will incense many trying to get a home of their own.