Friday 30 August 2019

That'll help...

... struggling first time buyers to get on the property ladder. ... keep house prices as high as possible.

Home buyers using Help to Buy can now take out a 35-year mortgage

7 comments:

Lola said...

I put in a suitably caustic comment. I bet they don't publish it...

Ben F said...

> Another problem of taking out a long-term mortgage is that you could end up borrowing well into your 60s or 70s when you might have problems paying back your loan or wish to enjoy your retirement.

The UK is going down, hard. The answer to literally everything is higher land prices.

Mark Wadsworth said...

L, I can't see the comments.

BF, yes, higher land prices are always the answer :-)

Bayard said...

The housing ladder

Mark Wadsworth said...

B, looks solid but a bit pricey.

Lola said...

MW They've published it!!

Comments

Submitted by MrVeryAngry on 30 August 2019
35 Year FTB Mortgages

What a monumentally stupid idea. Keeping people as debt slaves for longer to support landowners and house - aka land - prices high.

Mark Wadsworth said...

L, nice one.