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People in England are being offered help to climb onto or up the housing ladder as the government's mortgage indemnity scheme launches.
Building firms and taxpayers will be co-guarantors on new homes bought by existing or first-time buyers.
http://www.bbc.co.uk/news/uk-politics-17335711
WHAT A DISGRACE! Propping up the market at false prices, by lending to people that can't afford (or be bothered) to save up for a deposit, with OUR money!
Building firms and taxpayers will be co-guarantors on new homes bought by existing or first-time buyers.
http://www.bbc.co.uk/news/uk-politics-17335711
WHAT A DISGRACE! Propping up the market at false prices, by lending to people that can't afford (or be bothered) to save up for a deposit, with OUR money!
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The government hopes the NewBuy scheme - supported by Barclays, NatWest and Nationwide - will help people to borrow up to 95% of the value of new homes. 
Why so surprised? Not long ago they were lending up to 120%!!! You moan now? 
Little Late.
I am saving for a deposit and have account for that in Nationwide, but I don't think little 5% deposit will be good for me. My choice, however.. there is plenty people I KNOW that can afford mortgage, but they have problem with saving 20% of deposit and I really understand them.
Little Late.I am saving for a deposit and have account for that in Nationwide, but I don't think little 5% deposit will be good for me. My choice, however.. there is plenty people I KNOW that can afford mortgage, but they have problem with saving 20% of deposit and I really understand them.
It's all about supporting the banks. Everything else is noise.
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