I guess if you’re a first-time buyer, this sounds like great news. If you’re buying for, let’s say, £200k, that’s £10k less to save/borrow from parents. And what could possibly go wrong, property always goes up in value, doesn’t it, you’ve both got great jobs, and it’s all guaranteed by the government. Then a job goes, you can’t sell your house for love nor money and the next government has sold their book of loan guarantees to the United Bank of Qatar or Dyson or whatever. No, you’re right, could never happen…
“John Lewis foray into BTR could result in losses of £57m”
I did predict a while ago that Waitrose Homes rather than Waitrose Home Deliveries could be the future. John Lewis were probably the most benign big business to decide to go into the housing rental market, a move which could swing things away from the unpredictability of the mass of private landlords who dominate the sector.
