Today Boris is expected to announce that benefit claimants will be able to use welfare cash to obtain and sustain mortgages, in a bid to get more people on the housing ladder.
This is an "interesting" proposal:
1 Does that mean the banks etc are on board with this?
2 Will the government provide a guarantee to banks etc in the event of default?
3 If this come into fruition it will increase demand in an already supply short market.
The supply of housing, in areas where people can and want to live, is short. It may be an idea to try to balance this proposal with supply side stimuli as well.
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