In the last decade the percentage of UK residents who are home owners dropped for the first time since 1918.
Meanwhile proposed new rules will mean that borrowers across the EU will be refused a mortgage if they fail a standard affordability assessment.The European Commission said its new mortgages directive would prevent any repeat of reckless home loan lending of the past.
The agreement also includes plans to make it easier for consumers to shop around for their loan.
However, in his recent budget, the UK Chancellor announced his plan to 'bank mortgages
Let's hope that Gideon's got his sums right this time and doesn't end up facing in a different direction to the rest of the EU. No (E)U-turns in this budget, please Chancellor
Meanwhile proposed new rules will mean that borrowers across the EU will be refused a mortgage if they fail a standard affordability assessment.The European Commission said its new mortgages directive would prevent any repeat of reckless home loan lending of the past.
The agreement also includes plans to make it easier for consumers to shop around for their loan.
However, in his recent budget, the UK Chancellor announced his plan to 'bank mortgages
Let's hope that Gideon's got his sums right this time and doesn't end up facing in a different direction to the rest of the EU. No (E)U-turns in this budget, please Chancellor
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