Is Boris’s 95% mortgage idea a bad move? This is Money podcast

The cornerstone of the Prime Minister’s Conservative Party speech this week was turning Generation Rent into Generation Buy with state-backed 95 per cent mortgages.

The idea is that this will help first-time buyers frozen out by the need for big deposits – and combining it with long-term fixed rates will reduce risk?

But is this a good idea or a bad plan?

Is more help just what first-time buyers could do with, or is inflating the property market with more cheap money the last thing we need?

On this week’s podcast, Simon Lambert, Georgie Frost and George Nixon talk mortgage plans and house prices.

Plus GDP is still rising but not as strongly, so is the V shaped recovery off and what will further lockdown measures do to it?

And what are the charts that tell the real story of the coronavirus economy?

All that, expat bank accounts being shut, the tumbling dice savings rates and the Klarna X-Box muddle, on this week’s show.

How to listen to the This is Money podcast 

We publish our podcast every Friday to the player on This is Money, above, and on Apple Podcasts (iTunes) and on the podcast platforms Audioboom and Acast, both of which allow you to listen on desktop, mobile, or download an app. We also now publish to Spotify.

To download the Apple Podcasts app if you do not already have it, go to the App store. Or go to either the Apple App store or the Google Play store on Android to download the Acast, AudioBoom or Spotify app. 

Press play to listen to this week’s full episode on the player above, or listen (and please subscribe and review us if you like the podcast) at Apple Podcasts, Acast, Audioboom and Spotify or visit our This is Money Podcast page.   

THIS IS MONEY PODCAST

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