Lifetime mortgage with a fixed rate program of the British conservative party

The conservative party puts forward its programme for settlement of the real estate market. One of the proposals is to impose a lifetime mortgage with a fixed rate and the 5% down payment. The conservatives propose to use the funds of institutional investors such as pension funds, to support people who are homeless. Also, it is proposed to introduce a 30% discount for first-time buyers afford homes. Like all political manifestos, these abstracts contain much populism and short on specific details. A mortgage contract with a fixed rate is bad because life circumstances change, as it is unclear in which direction will change the rate in the future. As a rule, the availability of mortgage rates is not a problem for borrowers. The main problem is the lack of required Deposit (down payment). ® Angliadom. Helen Entree. 25.10.2019 G.