25. Apr, 2018

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What the ever-loving eff are they doing to our economy?!

The concession raises the prospect of multimillion-pound losses for the government scheme on any flat that goes into negative equity. This is because, unlike high street mortgages, help-to-buy loans can be redeemed on the sale value of the property rather than the value of the original loan.

Woman whose London flat has slumped in value is told she can pay back £10,000 of £95,000 loan
theguardian.com