Thames Gateway Mortgages
The Thames gateway is regarded as being as one of the government’s solution to the housing crisis in the South East. They are looking to build 120′000 homes and create 180′000 jobs by 2016 in one of the biggest growth initiatives in the UK.
Gordon Brown has unveiled plans to investment £9 billion in the Thames Gateway project. The Prime Minister Mr Brown has said that the money will be used to fund infrastructure such as transport, education and new homes. The properties at the Thames gateway will need funding with mortgages.
“The Thames Gateway is about housing but it is more than a housing project. It’s about transport but it is more than a transport project,” said the prime minister.
“It is a historic endeavour to bring so many people of determination and initiative together to create one of the most vibrant and successful areas in the world,” Mr Brown added.
The government plans to build three million new homes by 2020 in an effort to meet the demand for housing. Will investors try to get in on the act and try and buy properties in the Thames gateway with buy to let mortgages?
