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World

50-year mortgages won’t fix Britain’s broken housing market

2 July 2022

5:30 PM

2 July 2022

5:30 PM

Downing Street has come up with another cunning plan to fix the housing crisis: 50-year mortgages, passed from parent to child. No longer will your ability to afford a home be dependent on your earnings. Once the scheme is in place, you will be able to borrow against the incomes of your future children, in a heart-warming recreation of the age-old tradition of indentured labour.

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