The government have decided to provide incentives to mortgage lenders to offer 95% mortgages for first-time buyers. There don't seem to be many details. I expect the incentive will be UK taxpayers underwriting a share of the loan and hence share of risk if the borrower defaults. at a time of significantly rising national debt, I find this policy questionable.

About 770,000 homeowners are vulnerable to repossession during the pandemic if they have suffered a loss if income, a new report revealed, calling on more government support for those at risk of eviction.Meanwhile, renters may be struggling as well. Last week, a coalition of landlords, housing groups and charities has warned that the government needs to do more to support renters and avoid them "being scarred" by debts, otherwise more will lose their homes in the coming months, with the risk of an increase in homelessness.

'Sellers are pricing in expectation rather than reality': House sales fall as buyer interest wanes - but prices are still rising everywhere but London Sales, new listings and buyer queries all dropped off last month, says the Rics But prices everywhere in the country, apart from London, are still on the up Estate agent says homes are being priced 'in expectation rather than reality'

A deadline to buy a home under the current Help to Buy scheme in England has been extended to the end of May. Probably will be done again.

Prices down 0.3% month-on-month, after taking account of seasonal factors. Could this be the start of a long-overdue correction or will the Government step in to see off the danger of investors not feeling richer month on month?

They are collapsing the economy to "Build Back Better" for the fascist "Great" Reset of Davos, the World Economic Forum and the United Nations. Confidence will collapse in government, shifting capital into private assets, including housing.

Posted by libertas @ 01:02 AM 7 Comments

What was true for your parents generation is not true for you. You have to pay for your accommodation and also their high property value. Not to forget the NHS, pensions that they need from your current salary. Lesson learnt quick and fast, saved you from a life time of misery to keep paying for the housing bubble.