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The Government has released a new scheme to help people buy homes....
.... Yet most want the government to invest in new affordable housing, or to help develop areas that have become run down.
That the government will effectively underwrite mortgages.. It's right the Institute for Fiscal Studies warned there are risks. Some borrowers might be far less conservative in what they aim to buy, some may default rather than tighten their belts.
N' what is the government gonna charge the lenders to use such a scheme?
What's wrong with the current shared ownership scheme?