UK’s hot houses

The real threat to our economy is the unsustainable rise in house prices due to the lack of building and the Help To Buy scheme. The average house price is rising by £10,000 a month and the Bank of England Governor has warned he is ready to act if the market overheats – including raising interest rates. So mortgages will go up, plunging people further into debt. It is wrong to perpetuate the dream of owning a home. We need a new focus on a regulated rental market, combined with building a million new council houses.

Oliver B. Steward, Norwich