Wednesday, Sep 22, 2010
The golden opportunity for homebuying AS A HOME, NOT AN INVESTMENT might be closer than ever?
Telegraph: The golden era of home ownership is 'over', says mortgage boss
The golden age of home ownership is over, the head of the Council of Mortgage Lender says, as he claims new rules on mortgage lending will cause house prices to fall. Thousands of home owners are unable to find an affordable mortgage, while house prices have dropped since a mini property boom earlier this year. BUT: Housing minister Grant Shapps said: “I have made clear that I will support the 1.4 million aspiring homeowners whose ambitions are thwarted by a lack of mortgage availability. “That’s why as a Government we're making efforts to tackle the record deficit we inherited, to ensure that interest rates remain low and to bring back a golden age of home ownership.” Hmm...
Posted by mick rupert @ 01:12 PM (131 views) Add Comment
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
No comments have been submitted.
Be the first person to add your comment by completing the form below.