Caution Urged by Property Investment Strategist as New UK Mortgage Scheme is Announced
On November 21, the British Prime Minister announced a new home mortgage plan to help first home buyers into the property market. While welcoming the move in principal, property investment specialist, Rick Otton, today warned borrowers against entering into a scenario where the purchased property could quickly be worth less than the mortgage. Sydney, Australia (PRWEB) December 06, 2011 In an ambitious move to boost the UK housing lending market, British Prime Minister David Cameron has announced a multi-pronged approach to stimulate the country’s real estate market. While the plans have
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