Flat plan

photo(5)A sign that says there is just one flat left in this new Tudor Road block will no doubt seem like an indicator of recovery to some.

But a close look reveals that with a 5% deposit, you can get a 95% mortgage.

Far from recovery this sounds more like the last six years haven’t happened. If anything it indicates the old saying that the only thing we learn from history is that we never learn anything from history.

With the UK still immersed in debt, whatever the politicians say, this block might signal a short term recovery, but, just as for anyone taking on one of the 95% mortgages, the problems will come later.

About Alan Bunce

Freelance journalist Former Community Editor with the Reading Post. Former Business Editor with the Reading Chronicle.
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