The government have announced a scheme to help  ‘Generation Rent become Generation Buy’ but will this actually achieve that?

In this episode we break down the Chancellor Rishi Sunak’s proposal of government backed mortgages and whether it is a good thing.

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Want to know more?

Lifetime ISA - https://www.moneysavingexpert.com/savings/lifetime-isas/

Government Announcement of scheme - https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/965665/210301_Budget_Supplementary_Doc_-_mortgage_guarantee_scheme.pdf

What are affordability checks? https://www.onlinemortgageadvisor.co.uk/mortgage-affordability/mortgage-affordability-checks/