• Blackmist@feddit.uk
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      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
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        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
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          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.