A million families want to buy a home or stay in one for which there is a mortgage. But they find this is not possible as they cannot find a bank to lend them the money or to give them a mortgage. “Precarious workers”, those on short term contracts, freelance professionals and associates as well as a decent number of entrepreneurs, are considered to be at risk of insolvency and so are not given any loan.
Redefining the idea of housing whether it’s social housing or with facilitation, there’s the proposal that the State is a “guarantor” for families. The towns and local authorities could negotiate with the banks to get discounted prices for the unsold properties to allocate them to those who can’t get a mortgage.