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UK housing: The government needs to get building and start lending

Posted on 18 June 2012

It is absurdly difficult to buy one’s first home, with house prices still high and with banks insisting on very large deposits unless one can afford interest rates several percentage points above base rate.
One part of the solution could be for the government to guarantee a proportion of poorer people’s mortgages, just as richer parents can do for their adult children with one bank’s “Lend a hand” mortgage………………………………………..Full Article: Source


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Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


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