Mortgage Help🏡

[UserSince2005]

https://www.bbc.co.uk/news/business-65922072

How can it be justified to give hand outs to people who own houses when so many people in the country can’t afford to get on the ladder.

If you can’t afford your mortgage sell up and let the next person have the chance at home ownership

The housing market is so over inflated

It’s time for it to crash.

[bots]

they won't be giving anyone any help unless they are forced into it, and i don't think that will happen

[Oliver_W]

Of course people with mortgages should be given help, especially if they're burdened with multiple properties, some of which they rent out.

[arista]

Yes a Crash can start
once USA Flops

[Cherie]

No one got help in any of the previous house crashes this will be no different, there will be winners and losers

anyone with a bit of cash in the bank after almost 15 years of interest rates below 1% will finally get a return on their money, there is a whole generation of pensioners who were relying on their savings giving them a second income who lost out, now its the turn of home owners, its swings and roundabouts, and unfortunately there will be people who will lose their homes, its horrible they said we would never boom and bust again but it looks like its coming

[Cherie]

The problem also way the length of time interest rates remained ridiculously low people just didn't see the current rises coming, there was 10 and 15 year fixes out there, people must be kicking themselves now not to have taken

[user104658]

The govts best option would be to buy out the mortgages from the banks and keep the interest rates fixed low, any repossessions then become local council stock (which is desperately needed).

They of course would never do that though.

[Cherie]

The govts best option would be to buy out the mortgages from the banks and keep the interest rates fixed low, any repossessions then become local council stock (which is desperately needed).

They of course would never do that though.

what fairytale is this, we have been through this boom and bust cycle 3 times now from what I can recall.. cant see any help, but then there is an election looming ...who knows but its not a vote winner

[bots]

the government doesn't need to do any fancy dancing on buying anything from the banks, it can simply direct the BoE to reduce rates, but, they want people to be in hardship, because that stops them spending money and reduces inflation, so it will never happen