Budget 2013.. What it means for those saving deposits

HAMISH_MCTAVISH

opinions4u wrote: »

That sounds remarkably high.

Actually it's still only around half of the additional lending needed to bring normality back to the markets, but it's a small step in the right direction.

You can calculate it yourself if you wish.....

kidmugsy

Government-subsidised mortgages worked out so well in the US, didn't they?

brit1234

Shockingly dangerous schemes designed to kick the can down the road past the next election.

The biggest problem is inflated house prices not deposit size. Big deposits are required as banks know house prices are too high and to protect against falls.

Both these schemes will lead buyers to instant negative equity, on you head be it.

If one thing this demonstrates is the urgent need to teach our children financial education at school to stop another gullible generation taking the short solution and ignoring the future consequences.