Raising the roof
Published 09/02/2012 | 05:00
What a strange, convoluted country we have become. I refer to the latest bit of silliness called the "mortgage-to-rent" scheme.
Apparently this involves a property being handed over to a private housing association, with a write-down on the mortgage, which in turn will rent the property to the original owner who has now fallen victim to our fiscal collapse.
But why was the struggling owner not offered the write-down and allowed to carry on under new, affordable terms?