Scheme to support first-time buyers that would appeal to young voters reportedly being considered by No 10Ministers could be at risk of fuelling a fresh house-price bubble, according to industry experts who have warned about a potential “99% mortgages” scheme for first-time buyers that would appeal to young voters before the next election.The scheme, which is reportedly being considered by the prime minister, Rishi Sunak, and the chancellor, Jeremy Hunt, before the spring budget on 6 March, would only require borrowers to put down a 1% deposit towards their first home. Continue reading…
Source : theguardian.com
Read more…Ministers’ 99% mortgage idea could overheat UK housing market, say experts
