Why should we help the liars who are going to get reposessed?

domcastro

This is now a redundant post

McKneff

Troll Troll, Troll

Gorgeous_George

UK Mortgage lending did not get us into this mess.

GG

dunstonh

I can understand the sentiment. Especially if it results in a capital gain.

Maybe each person applying for potential help should have their file checked to see if they lied or not on the application. Those that didnt get help. Those that did do not. Where help is given, then a charge should be placed on the property to be repaid when house is sold in future. Then the taxpayer gets repaid in future when the house is eventually sold.

Jennifer_Jane

domcastro wrote: »

The people who lied to gain mortgages should not get any help from the taxpayer. We're already having to bail out the banks because of them and now they might be able to keep their houses. Next, these liars who CHOSE to live above their means will probably sue the banks for lending them the money in the first place. "well, you should have checked I wasn't lieing"
Really annoys me - they should bring back workhouses and shove them all in there!!!!!!!

I have sympathy with this sentiment. There was a couple on TV the other evening pleading for their house not to be repossessed, and the house was gorgeous - huge, beautifully furnished and so on. I agree with you that a substantial number people appear to have bought above their means and had to have everything to be decorated fabulously, big shiny new cars, and now they are pleading for help.

Well, as a taxpayer, I really don't want to help those people.

All the bank bail-outs will inevitably impact on the taxpayer in due course. I, for one, am extremely worried about the future.

People should have cut their cloth according to their means.

Jen
x

(PS - bring back the old cliches, they have lasted for a reason).

adandem

I have mixed feelings. I think that there should be some help home owners. Personally I would rather taxes subsidise them than pay for people who are quite capable of working to claim numerous benefits, stay at home all day and live in a house rent free.

domcastro

anniehanlon wrote: »

Troll Troll, Troll

Am I not allowed to have an opinion? Or are you just too worried about having your house reposessed to come up with a good argument?

FraudBuster

The Fraud Act 2006.

2 Fraud by false representation
(1) A person is in breach of this section if he—
(a) dishonestly makes a false representation, and
(b) intends, by making the representation—
(i) to make a gain for himself or another, or
(ii) to cause loss to another or to expose another to a risk of loss.
(2) A representation is false if—
(a) it is untrue or misleading, and
(b) the person making it knows that it is, or might be, untrue or misleading.
(3) “Representation” means any representation as to fact or law, including a representation as to the state of mind of—
(a) the person making the representation, or
(b) any other person.
(4) A representation may be express or implied.
(5) For the purposes of this section a representation may be regarded as made if it (or anything implying it) is submitted in any form to any system or device designed to receive, convey or respond to communications (with or without human intervention).

http://www.legislation.gov.uk/acts/acts2006/ukpga_20060035_en_1

Jennifer_Jane

domcastro wrote: »

Am I not allowed to have an opinion? Or are you just too worried about having your house reposessed to come up with a good argument?

Yes, I thought that AnnieHanlon overreacted. In fact, because of her post I looked through some of your old posts, and decided you certainly weren't a troll.

And actually, I wonder if you can be a Troll on your own thread? Surely, the point of a troll is to disrupt a thread. Anyone who doesn't like your thread can ignore it.

Jen
x

bockster

i agree with op,
for too long, too many people have had the attitude of borrow as much as they'll let you, worry about repurcusions later. people have very little respect for good financial housekeeping these days. i for one would like to opt out of helping these people.

poet123

I agree too. One of my relatives definitely lied to get their mortgage as we were asked by them to work out how much they thought they would be loaned on their joint incomes....they were horrified at the amount as it wouldnt allow them to buy the home they wanted.....fast forward,home bought + new car. MIL told us the couple had "self certified"(You bet they did!)so at 22 had a large new home with all the trappings of the sucess they hadnt yet actually achieved. Now I suspect they are in negative equity,as it was a new home bought from a developer,and worse, the male half of the couple started working for an estate agents 12 months ago and is now under threat of losing his job.