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Left MP Michael Meacher warned yesterday that the government's "disastrous" Help to Buy mortgage scheme would spark an artificial housing price boom followed by a collapse.
Prospective home buyers will be enticed to take the plunge into the stormy waters of the housing market with a government-backed offer of 95 per cent mortgages.
"It is utterly contemptible and irresponsible," declared Mr Meacher as Prime Minister David Cameron trumpeted a major extension of the scheme.
DOUG NICHOLLS says the parasitic finance markets must be challenged or another British government could be toppled
‘Rent freezes are not a way forward at the moment,’ Housing Secretary Angela Rayner says
Trade unions call for windfall tax hike to fund social energy tariff to public’s energy bills