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Fixed rates 'are the key'; CAROLINE Flint shows politics and style mix as well in Britain as in France. The Housing Minister, 46, showed a daring flash of leg as she strode to a Cabinet meeting, outdoing even French justice minister Rachida Dati's appearance earlier this week P. S.
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The Daily Mail (London, England)
- Article date:
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March 13, 2008
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Copyright informationCOPYRIGHT 2008 Solo Syndication Limited. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: James Coney
THE Chancellor unveiled plans to persuade homebuyers to take out longerterm fixed-rate mortgages and to help key workers on to the housing ladder.
Mr Darling thinks fixed rates lasting up to 25 years will bring stability tothe housing market, and protect homeowners from the payment shock of seeingtheir interest rate suddenly shoot up.
He also launched two sharedownership schemes which would allow key workers suchas nurses and teachers to pay for a mortgage, initially covering just half ofthe property value.
They will be offered a low rate loan for the rest of the value until they canafford to buy a bigger share of their property.
This ...
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