Government have today offered everyone a chance to buy!

tr3mor

Ignore this. It's a load of rubbish.

New builds aren't selling at market value. To persuade people to buy them they'd have to knock 30% off the price anyway. This "loan" is just a way of builders knocking 30% off the price without upsetting their balance sheet.

Anyone who signs up for this should have MUG branded on their forehead.

:money:

mr_magoo_5

steadysaver wrote: »

I am not sure how a stamp duty holiday will help people get a mortgage or save a deposit (not that they have to now, what with the governments "free" loan).

Hasnt this just technically recreated "100% Mortgages" again. And we all know what a good idea they were

Spot on, we need to face up to it, this ponzi is dead.
Those running it and those who sadly joined at the end need us to put huge sums of long term cash in, compared to the government incentives/bribes.
It will come back but unfortunately none of us really have no idea when.
Sit back its all a game, a very risky game atm with our Sub Prime Minister at the helm.

[FONT=&quot]Thanks steadysaver for "sub prime minister" , would make great headline for the papers![/FONT]

morg_monster

Don't think anyone has posted this from the Mash yet...

CAN I HAVE A CAR AS WELL? ASK FIRST-TIME BUYERS http://www.thedailymash.co.uk/news/society/can-i-have-a-car-as-well?-ask-first%11time-buyers-200809021221/

videoking

what will my 200k house be worth now bought a new build 2002 remorgaged 2005 for a 170k . now the goverment has come up with this brainwave im probably stuck here for good im self employed my incomes droped by half and the goverment have probably nocked 25k off my house overnight i suppose i could stop paying my morgage on this hard to sell house and let the goverment buy it off me and rent it back
am i right i thinking my wife go a couple of miles away buy a brand new house ftb 175k no stamp duty no payments on 55k of it 120k on interest only 600 a month morgage for 5 years that means i will be better off ?

thanks a lot gordon for this brainwave i was in favour of the houses dropping because the house i really want is to dear i know mine would drop but now youve singled me out my 400k house witch i wanted to pay 300k for will be well out of my reach because my house would have only been worth 150k but now the first time buyers wont be buying secondhand new builds

blue_monkey_2

sarah_elton wrote: »

Not 100% true. £175k will buy you a 3 bed semi in my town, and I'm only a 45 minute commute from London.

For this area my statement was true. Are we supposed to move areas so that we can afford somewhere to live? And what happens with the jobs we have so we can get the mortgage?

The point is that where we live it is unaffordable and the job my husband has is here and it is not a job that means he can move an hour away and add his journey on to his daily commute. His employer will not allow him to move further away than we are, if he does he loses his job as he is then too far away to cover his 'patch' and too far away for call outs when he is on 24 hour call.

sarah_elton wrote: »

.So how much is this going to pee off all those people currently on the market priced around £200k and just under, who are suddenly too close to an SD threshold....

Hasn't this always been the case though? When my mum had it on for sale to start with she wanted £265, after a lot of explaining from us it was explained that she would get more interested at £249,995. She did not want to budge but had to really. 200k is still well overpriced imo. Out of reach and unaffordable.

poppysarah

Surely only people who can genuinely afford to buy a house should?

I strongly believe that everyone who wants cheap secure rented accomodation should have access to it.

sarah_elton

blue_monkey wrote: »

Hasn't this always been the case though? When my mum had it on for sale to start with she wanted £265, after a lot of explaining from us it was explained that she would get more interested at £249,995. She did not want to budge but had to really.

It is true that it's always been the case, but my point was that for several years the SD thresholds have been around the same levels, and suddenly the lower threshold has been changed by £50k. That will affect a lot of people for the next year who thought they were at a price safely between the first and second thresholds.

steadysaver

Gordon Browns Sub Prime Mortgage Brokers

• Can't Afford to save for a Deposit?
• Can't Afford a House?
• Refused that Mortgage you want?

Dont threat, because Gordon Brown Sub Prime Broker is here....

Look at the deal we can do for you.....

Stamp dute - PAID
30% Deposit - PAID
Plus any other hairbrain scheme we can come up with to keep house prices high

Gordon Brown - Because living in a shoe box was good enough for communists

Gordon Brown Sub Prime Mortgage Broker Ltd is underwritten by the UK tax payer.

Obviously the T.V ad would have a nice cheary tune in the back ground... all sing along now to the tune of DownTown (by Petula Clark)...

When you've no house and life is getting you down
You can always count on Gordon Brown
When you've got no deposit and can't pay the rent
He seems to help you know, Gordon Brown
Just listen to the jingle of the money in your pocket
Linger on the sidewalk where the houses looks so pretty
H... P...I, how can you lose?

baby_boomer

steadysaver wrote: »

He's more Sub Prime, than Prime Minister.

Brilliant!

You should apply to write soundbites for David Cameron or Nick Clegg at PM question time.

You're not Vince Cable, are you? This is exactly the sort of quotation I'd expect him to come up with.

Nenen

lostinrates wrote: »

.....this lot I find as financially responsible as a bunch of bananas.

That's an insult to bananas Lostinrates!