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Osborne: Impaired mortgage finance causing house shortage

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Comments

  • Percy1983
    Percy1983 Posts: 5,244 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Hamish's 'pension' fund must be doing really badly.
    Have my first business premises (+4th business) 01/11/2017
    Quit day job to run 3 businesses 08/02/2017
    Started third business 25/06/2016
    Son born 13/09/2015
    Started a second business 03/08/2013
    Officially the owner of my own business since 13/01/2012
  • grizzly1911
    grizzly1911 Posts: 9,965 Forumite
    On 5 live drive tonight Peter Allen took comfort that Osborne must know what he is doing not sure if he was being serious but made me smile.
    "If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....

    "big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham
  • angrypirate
    angrypirate Posts: 1,151 Forumite
    If people are struggling to save the 5 - 10% deposit for a FTB mortgage deposit, doesnt that tell you that rents are too high and deposits are too much? 100% mortgages are not the norm, are not sensible and are not needed.
  • ILW
    ILW Posts: 18,333 Forumite
    What is the point in extending the scheme (or something like it) to second hand properties?

    Surely that will not help increase building.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    ILW wrote: »
    What is the point in extending the scheme (or something like it) to second hand properties?

    Surely that will not help increase building.

    Those on the first rung need to move upwards. With no movement the market will stagnate and eventually implode.
  • markharding557
    markharding557 Posts: 3,116 Forumite
    HAMISH_MCTAVISH wrote: »
    http://www.bbc.co.uk/democracylive/house-of-commons-23269599
    Impaired mortgage finance has been the principal constriction to supply of new building.
    Osborne gets it.
    He does not appear to be doing much about supply.
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