[nomadking]

Wasn't it Labour who kept going on about that it was almost a right(as opposed to an aspiration) to own a house regardless of income, in order to get on the 'property ladder'. They even introduced schemes which were meant to enable those with lower incomes to do so. There were news reports etc with people who were on low incomes complaining about missing the opportunity. The banks just fulfilled that demand believing that they were insured in a way, by rising house prices.