Government allows mortgage payments to be deferred for 2 years

[expat]

Now you've got no excuse for not buying that house you cannot afford.

I think you'll find that we are not "hardworking families".

[sasguru]

More and more bizarre. Has the penny not dropped with the cretins that rule us that the UK economy cannot carry on running the way it is and that the current problems are symptomatic of a systemic failure?

Tinkering at the edges ain't the way.

Doomed.

[PM-Junkie]

Erm, won't this just make the debt mountain even bigger?

It's what they do...haven't you noticed?

[Ruprect]

I liked this para:

Currently, those on benefits have their mortgage interest payments covered for two years if their mortgages is below £200,000.

[Bagpuss]

I liked this para:

A 200k mortgage on benefits FFS

[contractor79]

so Brown is now saying vote for me I'll let you live for free for two years, happy days

does this mean there will be less repossessions around for shrewd contractors with money in the bank to pick up? at least, there will be less reposessions available as soon

[PAH]

I expect once the full details are revealed it'll be like the news there's several billion in unclaimed fuel allowances floating around.

Unclaimed because it's unclaimable due to the small print.

[OwlHoot]

Holy Mackerel!

I wish I had a mortgage now so that I could default on it.

Linky

This sounds massively unfair to rent payers (unless their rent is paid when they're unemployed? not sure).

[DiscoStu]

This sounds massively unfair to rent payers (unless their rent is paid when they're unemployed? not sure).

[MrMark]

Mmm, maybe time to buy that des-res in ToryCyberShire? We can't lose!!!