Good news!

[DimPrawn]

After years of penalising older borrowers, now banks launch mortgages you can take to the GRAVE | Daily Mail Online

Interest only, lifetime mortgages. Rent from your caring bank, from cradle to grave. They are here, the UK economy is saved.

The NHS for housing bubbles.

Perma-boom!

[TwoWolves]

What I interpret from this is that the banks are betting the farm on:

1) HPI to infinity and beyond.
2) Rampant inflation (money value degradation).
3) Large-scale immigration to continue.

Well, it's the end of [tory] boom and bust, just as you wanted - Venesuala style.

[sasguru]

The UK economy is based on housing - can't allow that house of cards, Ponzi scheme to fall over now, can we?

[GreenMirror]

The UK economy is based on housing - can't allow that house of cards, Ponzi scheme to fall over now, can we?

I expect soon the government to announce it has denied visas to all Russian Oligarchs. Without mentioning that they are soon to be Israelis.

Its not just housing. There is money laundering too.

[BlasterBates]

As a fan of "relativity" I would say, is it house prices that are going up or is it the pound that is going down.

[HugeWhale]

So the bank will effectively buy the house and act as landlord, while the mortgagee (renter) will be responsible for all repairs, maintenance, updates, insurance and risks. The BTL dream!