So the UK govt is being very helpful in the hope that the housing market will revive. http://www.dailymail.co.uk/money/mo...8/Help-Buy-ladder--prices-rise-does-debt.html and
The UK market is going to become just as scewed up as the Ozzie one. wouldn't touch it with a ten foot pole1
They were doing this when I left in 2005, on a smaller scale, I think it was just an offer to low income key workers such as those in the Health Service. You buy a house, and if you need the Gov to chip in 20% it isn't going to be a great house, that's for sure. You spend the next 10 years sinking your wages into it to make it habitable and then when you go to sell it the Gov takes their 20% back, including 20% of everything you sunk into it. It had no takers back then.
lol - you mean there's another country that has mortgage insurance?? is it portable?? I seriously doubt any other country would have such a hairbrained system
Guarantees on high-risk loans? If there is a strict lending test then why will there be high-risk loans? It already was when I was there (mid 2000's) and then crashed and they have been trying to re-levitate it ever since.