Under the governments proposal to aid Home Buyers through the downturn, a mortgage holiday of up to two years is available to qualifying Home Buyers. This has been introduced by the government in order to try to give back some confidence to Home Buyers and so bolster up the fragile a href=http://www.ukpb.co.uk/ target=’_blank’House Sales UK/a market.brbrUnder this proposal; anyone with a mortgage of up to pound;400,000 who suddenly loses their job or faces a massive fall in income, can apply for a mortgage holiday of up to two years. Under this proposal, the a href=http://www.ukpb.co.uk/introduction.htm target=’_blank’Home Buyers/a will not need to make any payments, but the interest on the loan will continue to mount up. brbrThis proposal is designed to give them time to get their careers and finances back in order without the need for a forced sale of their home. Itrsquo;s expected that this will bring back some degree of confidence to the House Sales UK market. Of course, the applicant neednrsquo;t take a full repayment holiday, they can just make reduced payments for the two year period. brbrBut, there are several vociferous critics of the proposal. One such critic is Alan Cleary of the Mortgage company Exact. He labelled the scheme as a political ploy planned to enhance the governmentrsquo;s popularity. He also stated the scheme failed to take account of the reality of the current situation. Mr Cleary recently told journalists ldquo;House Prices are falling and delaying payment of mortgage interest for up to 2 years runs up more debt against a property which is losing capital value. He went on to argue ldquo;The Government has given no details about how borrowers who canrsquo;t pay at the end of the 2 year period will be dealt withrdquo;. brbrAnother critic of the governmentrsquo;s proposal, Nicholas Leeming of propertyfinder.com, said ldquo;The government is gambling borrowersrsquo; lives on the fact that the economy and house prices will have fully recovered in 2 yearshellip; It has a responsibility to get the housing market, a key engine of the economy, moving again. It must slash stamp duty and implement immediate measures to encourage or even force lending so that people can buy homes. This way; many existing home owners can be saved from facing negative equity in the first placerdquo;.brbrAfter all that, I can fully anticipate that, were I unlucky to lose all or a substantial part of my earnings, I would leap at the chance of not being forced to a href=http://www.ukpb.co.uk/ target=’_blank’Sell My House/a instantly. I think I would rather take the chance of the market picking up again, as markets inevitably always do, and with a bit of luck, doing it before the two years run out. br