Are 99% mortgages the best way to help first-time buyers? Join The Independent Debate
Tory MPs have backed the radical plan that would gurantee mortgages requiring just 1 per cent deposits - but will this help or hinder the housing market?
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Your support makes all the difference.Radical plans to guarantee mortgages requiring just 1 per cent deposits have been backed by senior Conservatives.
The scheme to boost 99 per cent mortgages comes after The Independent first revealed the March Budget proposal aimed at first-time buyers.
Tory MPs have largely welcomed the idea - but do you think it would actually help first-time buyers? Or are you concerned about the impact 99% mortgages would have on the wider housing market?
Economists and housing experts warned that such a scheme – aimed at helping young people onto the property ladder – would create “massive risk” for taxpayers and would push up prices.
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