Hankies ready? Then let the violins strike up. Here’s today’s blubfest.
Apparently, Londoners on salaries of half a million are having an absolutely horrible time of it. Poor darlings.
They often can’t afford to buy a house in central London AND pay school fees. So, quite often they have to move out to somewhere fairly unspeakable like Ealing or south Wimbledon.
In an irony-free article about the woes of middle-ranking bankers, we learn how poor Tristram and Rupert are struggling.
According to one senior manager at a European investment bank in London: “A member of my team has a £750k mortgage on his house, which is a huge burden for him.
“A lot of other mid-ranking people here can’t afford to live in Zone 1 and are having to move out to Zones 3 or 4 – which is difficult when you’re a VP-level banker working very long hours.”
Luckily, the Help to Buy scheme has come along just in time to bail out these people.
After all, the scheme has no ceiling on the incomes of those who can use it, and is available for properties worth up to £600,000 – which could get you somewhere very nice indeed in Surbiton (although as that’s Zone 6, it really doesn’t bear thinking about).
Apparently, that nice Mr Osborne’s Help to Buy scheme will be a godsend for bankers – never mind the nurses and teachers.
Well, who’d have thought it?
More at the link below. But brace yourselves. And perhaps get out the collecting tin.
And please, absolutely no unkind remarks about how the London housing market is so out of touch with the realities of most people’s lives that it’s off the scale.
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