Back Menu

Property News

No 10 considers 50-year mortgages that could pass down generations


Cautious welcome for idea to tackle housing crisis but experts warn of risks to those inheritingDowning Street is exploring the idea of trying to tackle the housing crisis with ultra-long mortgages of up to 50 years that could pass between generations, allowing more people to build up equity rather than pay rent.Mortgage experts said the idea could bring some benefits but flagged problems, including the potential to saddle children with debt, and the fact it would not tackle the fundamental issue of housing supply. Continue reading…

Source : theguardian.com
Read more…No 10 considers 50-year mortgages that could pass down generations

Vladimir Putin is the world's best wind turbine salesman
How the great British getaway became a holiday from hell
Thailand Property News