The situation with mortgages will be similar. I am certain that the FSA’s and the Bank’s insistence on a higher deposit will harm the construction industry. The average price of a two or three-bedroom house is £160,000, and 10% of that is £16,000 and 20% £32,000. We are getting more and more tales of young couples who simply cannot get on to the housing ladder because they are paying excessive rents and cannot save that deposit.
Financial Services Bill
Proceeding contribution from
George Mudie
(Labour)
in the House of Commons on Monday, 10 December 2012.
It occurred during Debate on bills on Financial Services Bill.
Type
Proceeding contribution
Reference
555 c70
Session
2012-13
Chamber / Committee
House of Commons chamber
Librarians' tools
Timestamp
2023-11-26 10:42:07 +0000
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