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The impossible?
Comments
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I don't deny that, but the scheme is not well understood and not well explained by the media.
It is not going to be the universal plaster to cover all the mortgage/buying woes many people have.I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0 -
MrChandlerBing wrote: »Yet will still be cheaper than renting for a lot of people.
Perhaps, but renting is not a 25-year committment. Alas for many people these days on short term contracts etc, buying a house is not always the panacea it is made out to be.
Furthermore 5.5% may not seem cheap right now given the lowest interest rates in history, but at some point over the next 25 years interest rates will be very significantly higher.0
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