Jack Horgan-Jones on business
After a long gestation, the mortgage-to-rent scheme may finally be taking wing
There was a time, not too long ago, that the government’s expanded mortgage-to-rent scheme was going to be the answer to everyone’s prayers.
Punters who had fallen behind on their mortgages – that’s around 10 per cent of the total mortgage market - would be able to stay in their homes, so long as they surrendered ownership. They would have to pay a subsidised rent, but if they met certain conditions, they would...
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