Tell us if 99% mortgages are good idea as Tory MPs back plan

by The Technical Blogs

Radical plans to guarantee mortgages requiring just 1 per cent deposits have been backed by senior Conservatives.

The scheme to boost 99 per cent mortgages comes after The Independent first revealed the March Budget proposal aimed at first-time buyers.

Tory MPs have largely welcomed the idea – but do you think it would actually help first-time buyers? Or are you concerned about the impact 99% mortgages would have on the wider housing market?

Economists and housing experts warned that such a scheme – aimed at helping young people onto the property ladder – would create “massive risk” for taxpayers and would push up prices.

If you want to share your opinion then add it in the comments and we’ll highlight the most insightful ones as they come in.

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