Quote Originally Posted by Eric Cartman View Post
I have said that in other threads that I am more than happy to rent for my whole life however a mortgage would lower my outgoings and provide something at the end, I earn enough to budget and pay my rent but I've not enough wage+deposit to get a mortgage. I don't think my situation is close to unique, the whole housing market is a trap.

My lease expires in September and I am waiting to see how much they try and up it.
I've never really understood how someone who can pay £x per annum for rent is not deemed credit worthy enough to secure a mortgage that costs the same. If this government were truly serious about home ownership, then why not legislate that once you have proved your credit worthiness by renting for say 12 months or 2 years, mortgage companies have to give you a 100% mortgage which costs the same as the rent you paid.