• Blackmist@feddit.uk
    link
    fedilink
    English
    arrow-up
    1
    ·
    1 year ago

    Is that standard in some countries?

    Most of the ones I see in the UK are like 5 years, max.

    • homura1650@lemmy.world
      link
      fedilink
      arrow-up
      3
      ·
      1 year ago

      It is standard in the US. Adjustable rate mortgages are available as well, but they have not been popular since the 2008 crisis.

      • Blackmist@feddit.uk
        link
        fedilink
        English
        arrow-up
        2
        ·
        1 year 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.