According to the Council of Mortgage Lenders (CML) the problem of negative equity currently affecting hundreds thousands of homeowners has improved over the last twelve months.
Although accidental landlords are making money from the record rise in rents over the last few years, but there are many accidental landlords who are letting their property purely because they cannot sell them.
David Willetts, the Conservative minister has welcomed plans to let parents tap into their pension to help their children buy property.
Former cabinet secretary Lord O’Donnell has urged the Government to introduce plans to introduce a loan to value (LTV) cap to try and bring the borrowing figures under control.
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