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UK: Mortgage scheme ‘risks driving up prices’

Posted on 27 March 2013

Britain’s fiscal watchdog has challenged chancellor George Osborne’s claims that his new mortgage guarantee scheme, the centrepiece of last week’s Budget, will trigger a spate of housebuilding.
In testimony before parliament’s Treasury select committee on Tuesday , top officials from the Office for Budget Responsibility said the Help to Buy scheme was more likely to drive up house prices than address the shortage of housing in the UK………………………………………..Full Article: Source


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