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Government mortgages
Comments
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It wont work.
Anyone with clean credit, a good credit score and not wanting to borrow a high income multiple is already well catered for.
The point people are missing is that it's the irresoponsible lending that has been purged out of the system.
Of course a Government lender will follow affordability rules and responsible lending to the letter, so they will not be providing anything the market does not already offer.0 -
Ahem ( clears throat)...
Sorry to bring this thread back, but.... anyone been watching the news today...?0 -
Chris_Nowak wrote: »Ahem ( clears throat)...
Sorry to bring this thread back, but.... anyone been watching the news today...?
Fair play to you. I never thought the government would actually do something so patently ridiculous.poppy100 -
Yes - response from almost eveyone outside the selected developers and a couple of EAs seems to be "ill-thought-out stupid political stunt"... How long do you reckon the few hundred million is going to last (in the last year, UK personal debt has increased by £250 million a day!).0
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What a waste of taxpayers money.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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