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