Mates mortgages – stupid idea Mr Shapps!

‘mates mortgages’ are the latest idiotic idea created from the mind of Mr Grant Shapps who is sadly the housing minister at the moment.

What a crazy idea.

Because house prices are so high people should be able to pool their money and buy a house with their mates.

Erm, because house prices will stay high if people keep buying them at these silly prices. Schemes that support high house prices (Shared equity, interest free loans on 25%) are insane and stupid.

If the problem is high house prices then there’s only one thing that should solve that – and that’s if they get lower.

Stupid scheme ‘mates mortgages’ – article in telegraph