I am writing a piece for Estate Agent Today on Boris Johnson's suggestions about creating 50 year mortgages.<a target="_blank" rel="noopener noreferrer" href="https://www.theguardian.com/money/2022/jul/01/no-10-considers-50-year-mortgages-that-could-pass-down-generations">https://www.theguardian.com/money/2022/jul/01/no-10-considers-50-year-mortgages-that-could-pass-down-generations</a>I am keen to get views from mortgage brokers and estate agents on if this would be good/bad for the housing market.What impact would it have on price/transactions?Many thanksMarc

property

mortgages

Will 50-year mortgages help/hinder the housing market

If this got some traction behind it and that’s a big if. Naturally, with more people able to buy houses it’s going to push the demand through the roof. Until we can build houses quicker this is only going to send prices one way and that’s up. 

However, I’ve got reservations on if this will ever get off the ground given it would go against the robust affordability checks they brought in to avoid a repeat on 2007 financial crisis. 

Jamie Lennox

Dimora stems from the Italian word for Home. This is exactly what we want to help you achieve in having not just a house but a place you can call your own Dimora. We are passionate about helping our customers achieve this goal, which for many may have felt like it would never be possible. We pride ourselves on being there at every step of the process. From taking the first step on the housing ladder, move onto your forever home, to building a property empire of buy to lets. Based out of Norfolk we can assist our clients all across the country. 

Will 50-year mortgages help/hinder the housing market

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Jamie LennoxVerified

Director at Dimora Mortgages

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