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Government slammed for holding back homeownership – Star Letter 16/10/2015

by: Mortgage Solutions
  • 15/10/2015
  • 0
Government slammed for holding back homeownership – Star Letter 16/10/2015
Each week, we round-up the best comments, emails and letters to the site and pick one reader contribution as our Star Letter.

This week’s Star Letter goes to Springer for his comment on Government publishes Housing Bill.

Basically this government and the Bank of England need to start removing the obstacles that they have put in the way of borrowers and lenders and allow a free market scenario to evolve. Back in the day when an Englishman’s home was his castle and the drive was towards home ownership on a mass scale, there was a free and untethered mortgage market that allowed people to buy, even without a deposit, without any of the pathetic restrictions that are in place today.

At the same time they are not allowing enough homes to be built to meet demand, and bearing in mind that this particular political party flogged off the majority of good quality social housing to keep higher-rate taxation (for their chums) at a low level to buy votes, noone stands a chance, do they? With first-time buyers at an age when I was about to pay off my first mortgage, and the poor souls still living in their childhood bedroom, it can be said that government has a lot to answer for.

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