Boris Johnson’s plan for 50-year mortgages is outright ‘risky’ and solely aimed at inflating the market:
The Prime Minister that he would be open to encouraging 50-year mortgages with debt potentially being transferred to the next generation are “unhelpful and fail to address the significant, long-term issues in the housing market.”
New plans would allow family homes and their mortgages to be inherited. The comments suggest that the Prime Minister may be aimed at encouraging greater home ownership but instead have the potential to encourage a short-term boom in the housing market followed by a long-term bust.
How would you handle the current market inflation status?