It's not the same situation, so people won't get exactly the same help.
Do you think we should pay people's mortgages?
There are people who would be only too happy to point out that people shouldn't have taken on a mortgage for others to end up footing the bill.
The loan is cheaper than a credit union one, as well as every other option, and in reality only needs paying back if the property is sold.
The loan may not be repayable unless the property is sold, but interest is charged on it, so repayment largely depends on how long you want to go on racking up the debt, which then eats into the equity of the house if/when you’re in a position to move up the ladder.