Good morning and good day, folks! BBC News - Mortgage scheme offers buyers help up the property ladder Causes of the late-2000s financial crisis - Wikipedia, the free encyclopedia Some observations, please feel free to debate: 1) We are on the brink of another recession/depression, if we are not already in it. Buying houses now is a bad idea when people should be saving money and cutting expenses to weather inflation. 2) The government should be focusing on reducing inflation and the absurd price of fuel. Not getting people to add mortgages to their monthly outgoings! 3) When the recession gets worse, inflation will rise, the £ will drop in value (affects the price of imported goods, e.g. oil, gas, food) and jobs will be lost. Ergo, foreclosures and property auctions. 4) Foreclosures + property auctions = glut in supply = negative equity for those who buy now 5) Avoid borrowing money whenever possible. Applies from the individual to the government. Proverbs 22:7 "...And the borrower is servant to the lender."