... 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
Friday, 30 August 2019
That'll help...
My latest blogpost: That'll help...Tweet this! Posted by Mark Wadsworth at 09:41
Labels: Help to Buy, House prices, Ponzi
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7 comments:
I put in a suitably caustic comment. I bet they don't publish it...
> 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.
L, I can't see the comments.
BF, yes, higher land prices are always the answer :-)
The housing ladder
B, looks solid but a bit pricey.
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.
L, nice one.
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