December 16, 2008
100% Mortgage from the taxman
Story link: 100% Mortgage from the taxman
Maybe if banks started lending they wouldn’t have to go to such drastic measures. They are freezing people out of the housing market, which are currently the only people that could keep them in business.
The 100 per cent mortgage is on the way back as taxpayers’ money is used to tempt first-time buyers to move into empty new homes.
The loans will be backed with £400million pledged by ministers to a scheme to help the less-well-off get on to the property ladder.
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