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Ministers are considering the benefits of Dutch-style, long-term fixed mortgages for first-time buyers who are struggling to afford shorter-term fixes which are stressed at higher rates. ....
Offers are for interest only. let me just offers are for interest only. let mejustjump in there, because i want to be clear on exactly that. if you are some of those people jumping up you are some of those people jumping up to 6% or whatever, those hundreds of extra pounds, some people sibley will not be able to find, what are the options? will not be able to find, what are the options? will not be able to find, what are the options? first option is to him on to an interest the options? first option is to him on to an interest only. the options? first option is to him on to an interest only. you - the options? first option is to him on to an interest only. you only i the options? first option is to him | on to an interest only. you only pay the interest rather than capital repayments. there is a second option, which is to take a payment holiday and agree that with your bank from the outset for so the third option is, if you paid off a number of years of your mortgage, you could ke ....
It s not challenging. i ve never said this isn t going to be a difficult time to get through. but what i want to give people the reassurance and confidence is that we ve got a plan, the plan will work and we will get through this. that s exactly what people should be hearing from their prime minister and the government particularly from me, given that this particular issue is what i ve talked about for a while. i deliberately made it the first of my five priorities so no one can say is not something i m not aware of, not on top of, and people should have the reassurance that the plans we ve got the right ones because they will bring inflation down over time and they will provide support for the people who most need as we go through this difficult period. we ve demonstrated that already. windfall tax on energy companies which has helped pay for around half the typical family s energy bill, support worth £1500, that s the government stepping in to support people in that particular circu ....
Aware of the help that is out there, no kind of mortgage relief scheme or grants for everyone, which some people had been calling for, the government said they absolutely would not do because they worry it would not do because they worry it would fuel inflation. essentially, things like moving to interest only payments, extending your mortgage term and we know these decisions, the important financial implications that people want to talk through first. but the idea they are now reversible and any reversibility would not impact your credit score will now be a welcome boost. of course, there is a 12 month delay to repossessions. again thatis month delay to repossessions. again that is something which will be welcomed, certainly, by housing groups, but lenders really keen to point out repossessions are incredibly there, still incredibly rare despite rising interest rates at the moment and things like this ....