Homebuyers are again being offered huge mortgages, leading debt charities to warn that they are being lulled into a false sense of security after more than a decade of low interest rates.
The Darlington building society has the biggest mortgage loan-to-earnings ratio on the market, being prepared to lend homebuyers six times their salary. Other lenders typically offer between four and 4.75 times salary, according to the financial data site Moneyfacts.
Experts say that borrowers with high levels of debt are at serious risk of defaulting on their loans if interest rates rise faster than expected.
