Conservative conference: Johnson on 'broken' housing market

[Streetwalker]

Its all very well giving people the chance to own their own drum with 95% mortgages but that doesn't help them pay it . How on earth does anyone expect  a young couple on the average wage to pay a £200,000 mortgage ?  (Thats the cheapest I can see in Croydonia )

The answer is maybe the Japanese way of 100 year generation mortgages which would substantially lower repayments and instead of leaving your kids the house  you leave them a debt 

But yes the only way my two lads are going to buy a house is when they get their hands on mine .   

[Borchester]

I can remember having a 17.5% interest mortgage and a 17.5% bridging loan, on Thatcher's watch. Just one of many reasons I could never be sympathetic to the Tories.

I can remember when no one would give me a mortgage and then the Tories sold me my council flat and I thought F@@@ the revolution, me and mine are going to become middle class.

[papasmurf]

(b) homeowners, once they have gotten over the arse numbing terror of mortgage payments and the cost of raising children, tend to be sympathetic to the Conservatives.

I can remember having a 17.5% interest mortgage and a 17.5% bridging loan, on Thatcher's watch. Just one of many reasons I could never be sympathetic to the Tories.

[Borchester]

Wasn't it lending to people who could not meet the payments a bit of a problem about 12 years ago.
Why would we want to do that again?

Because

(a) we are dicks

(b) homeowners, once they have gotten over the arse numbing terror of mortgage payments and the cost of raising children, tend to be sympathetic to the Conservatives.

[Barry]

Wasn't it lending to people who could not meet the payments a bit of a problem about 12 years ago.
Why would we want to do that again?

[GBNews]

Conservative conference: Johnson on 'broken' housing market

Boris Johnson pledges to help young people get a "long-term fixed-rate mortgage" worth up to 95% of the home's value.

Source: Conservative conference: Johnson on 'broken' housing market