Prime minister David Cameron has hailed his government’s new housing market strategy, claiming it will boost the fortunes of first-time buyers.
As part of the new programme of reforms, a new mortgage guarantee scheme could encourage lenders to offer 95 per cent mortgages to buyers of new properties, a move Mr Cameron believes should kickstart renewed economic activity.
“When first-time buyers on a good salary cannot get a reasonable mortgage, the whole market grinds to a halt,” he said. “And that ricochets around the economy, affecting builders, retailers, plumbers – all the people that depend on a housing market that is moving.
Mr Cameron add: “If we don’t do something like this we are not going to get this vital market moving. We will restart the housing market and get Britain building again.”
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November 30, 2011 at 9:00 am | Quick House Sale, Sell House Fast, Sell House Quickly, Sell My House Fast |
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