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.
If you liked this episode, rate, subscribe and share.
Keep the conversation going on social media, using the hashtag by following @werisepodcast, using the hashtag #werise. Check out the We Rise newsletter for more content.
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/