Cable Demands Rethink Of Plan To Boost U.k. Housing Market

In the second phase, starting in January, guarantees meant to spur 130 billion pounds property management jobs maryland ($206 billion) of mortgage lending will be available for homes costing as much as 600,000 pounds, helping those with deposits of 5 percent to access low-cost loans. While Cable has repeatedly raised doubts about the second phase, fellow senior members of his Liberal Democrat party defended it yesterday. Both Deputy Prime Minister Nick Clegg and Chief Secretary to the Treasury Danny Alexander denied it would lead to a bubble.
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