Enhance Mortgage Quote Requests in the UK with eSignature Licitness

How to eSign a document: eSignature licitness for Mortgage Quote Request in United Kingdom

hi guys it's Damen Mary from luxury property Partners so some news in the media today it's been reported that the UK government is exploring the introduction of 1% deposits or 99% loan to value mortgages as part of this new housing strategy this is basically with a view to help young people and firsttime buyers get on the property ladder especially with a cost of living crisis at the moment and the aim of this initiative which could be announced on March the 6th at the spring budget is to remove the financial barrier to home ownership of high deposits with the UK government basically guaranteeing these mortgages so a 1% mortgage reported by the conservative government's latest plan to in uh entice generation rent voters ahead of the general election this huge approach to dismantling The Towering barriers of home ownership will sound fantastic to those struggling to find a larger deposit however in my opinion it will likely come with a huge sting in the tail basically higher interest rates there's also a risk it could once again cause the property Market to overheat driving prices up and again it could cause a crash in this bubble like we're in at the moment so it's a bit of a tricky one but this is a great headline for governments um with an eye on the next election what they're trying to do is they're they're hoping to secure people's votes whilst on paper it sounds like a positive move it will undoubtedly lead to very very high risk of causing another housing bubble we still see so many people impacted with mortgages um and this scheme would undoubtedly offer protection to lenders but what plans does it have to place to protect the borrower a longer term sustainable and affordable model needs in my opinion to be found to ensure future Generations can continue to get on the housing market and the ladder so it's great to see new ideas coming up to help firsttime buyers with this uh 1% deposit but you've got to be honest it feels like a it's like uh slapping what do they say slapping PL like a plaster on an open wound the real problem is a serious lack of affordable homes and it's something that's been dodged for years I would say and the idea of only needing to scrape together 1% up front for me I mean it sounds tempting but when you think about the Skyhigh interest rates that will come with it you've got to ask who can actually afford it it feels like the plan is to have people paying off their mortgage until they're you know in their 90s or 100 we need more than just clever tricks to get by it's time for I don't know I guess some real action on making housing affordably and significantly boosting the number of homes we build instead of these quick fixes that don't actually tackle the bigger picture so very raw very fresh but I thought I'd give my insight on this this is Damen maray from luxury property partners