CLG considers local authority mortgages

CLG considers local authority mortgages



The government is considering allowing local authorities to offer low-cost mortgages to first-time buyers and others struggling to obtain loans for the first time since the 1970s. Several councils have been lobbying the government to allow them to offer mortgages in areas they were keen to develop. A spokesperson from Communities and Local Government said that local authorities have a crucial role to play in the current economic climate.