Katarina Johnson-Thompson calls for 95% mortgage rates as she opens up on struggling to afford first home
Team GB athlete Johnson-Thompson won a gold medal at the 2019 World Championships, but struggled to get onto the property ladder
British Olympic athlete Katarina Johnson-Thompson has opened up on her struggles about getting onto the property ladder.
Heptathlete Johnson-Thompson won a gold medal at the 2019 World Championships and competed at the London 2012, Rio 2016 and Tokyo 2020 Olympic Games.
But despite her fame, she struggled to afford her first home.
And as the cost-of-living crisis continues to bite, the athlete has revealed that she is in support of 95 percent mortgage rates to help more people purchase a house.
Speaking on GB News’ On The Money, Johnson-Thompson told Liam Halligan: “I had trouble buying my first home a couple of years ago.
“I think the illusion of track and field is, it was so nice to say all those facts and stuff, but many people, unless they are ranked in the top 10 in the world, struggle to earn a decent wage.
“For me the struggle was that my career isn't going to last a lifetime and I’m going to probably retire when I’m 35 and many banks don’t really understand that sort of payment setup.
“But with the rise in living costs, many people are struggling to get on the property ladder for different reasons."
She continued: “And the main one, which is what Nationwide building society’s commission has found out, is that deposit.
“That is why I’m happy to be supporting the 95 percent mortgage rates which mean people only need five percent deposits.
“Yes this is the current climate of the world, but people need that extra help to get onto that property ladder.”