Would 1% deposit mortgages assist trapped renters? LUNCH MONEY
The pre-Budget hearsay milling has delivered a brand new plan to resolve Britain’s dysfunctional housing market – 1 per cent deposit mortgages.
As first-time patrons wrestle to clamber onto the underside rung of the housing ladder, the idea of government-backed mortgages for 99 per cent of a property’s worth has been floated.
On this episode of Lunch Money, Helen Crane and Simon Lambert focus on the tiny deposit mortgage thought.
Is this the reply for potential householders caught within the rental market? If it’s such a good suggestion, why don’t banks supply these already? And how are you going to defend your self in the event you purchase with a small deposit?
In different information, the main US inventory market index, the S&P 500 has shrugged off an early New Year wobble to hit one other document excessive.
Richard Hunter, of interactive investor, joins the present to elucidate why and focus on whether or not Primark proprietor AB Foods had Christmas.
And lastly, there’s been slightly bit of excellent information for our payments. Analysts have forecast the vitality value cap will drop in April. The workforce take a look at how a lot this might prevent – and the way rather more costly they are going to stay than earlier than the vitality disaster.
