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I must admit i'm considering investing, depending on what other details are announced when they are announced. What i'd really like to see is a London centric
by JazCE 11y ago
I must admit i'm considering investing, depending on what other details are announced when they are announced.
What i'd really like to see is a London centric bank (or perhaps building society), one that understands the rental market and the ownership market. It's insane that people (myself) pay more to rent somewhere than to buy somewhere, yet are hamstrung by the fact that either they don't earn enough to afford to buy, or don't have a deposit to afford to buy.
I thought Metro Bank might be that, but i think they're more focussed on expanding outside of London.
- kennydude 11y agoMondo are looking at expanding outside of London. They have/had had an event in Manchester to onboard people
- JazCE 11y agoNo doubt, and they'd be silly not to. I like Mondo, but i'm not sure there's a crying need for Mondo... I just think London needs it's own bank.
- kennydude 11y agoJust out of curiosity why do you think London needs it's own bank?
- JazCE 11y agoUnfortunately I don't think I'm well read enough to give a proper answer. However, the housing market in London is all over the place, and there isn't a bank that has a direct interest in helping people on to the housing ladder in London. I think if you had a London centric bank that understood the housing situation and it's customers needs well, you'd capture a great sample of the capital.