Source · Select Committees · Housing, Communities and Local Government Committee
Recommendation 23
23
Mortgages are a vital part of the housing market in this country, and as such...
Conclusion
Mortgages are a vital part of the housing market in this country, and as such a necessary component of improving access to home ownership to first-time buyers. The increased availability of high-Loan to Value mortgages can make it possible for people to purchase homes at higher values, but it is a risk to borrowers if mortgage rates rise and subsequently make the purchases unaffordable through high mortgage repayments. (Conclusion, Paragraph 102)