Alice's bubble wrap

Councils want power to offer competitive mortgages When ideas like this are floated, we must be in deep trouble. "Council chiefs have called for extra powers to allow them to offer competitive mortgages in an attempt to rescue the housing market. In a letter published in today's Times, they argue that the public sector should be able to help first-time buyers and those unable to secure a home loan. Critics believe that the move could lead to higher council tax if borrowers defaulted." It is d

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