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Negative Equity Crisis - Official Downing Street Petition - Sign now!!
No10Petitioner
Posts: 3 Newbie
Please find below link to a new official downing street petition asking the prime minister to take responsibility for the negative equity crisis facing young families!
The more signatures we get - the better chance we have of getting the Government and the banks to stand up and be held accountable!
petitions.number10.gov.uk/NegativeEquity
Email this to all your friends and family and ask them to sign up too!
The more signatures we get - the better chance we have of getting the Government and the banks to stand up and be held accountable!
petitions.number10.gov.uk/NegativeEquity
Email this to all your friends and family and ask them to sign up too!
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Comments
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That has to be amongst the most stupid petitions posted. Although taking a look, there are quite a lot of stupid ones.
How about taking your own responsbility?I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
Maybe I'm thick but I'm not sure what the suggestion is that the Government actually do - write off 20% of everyone's mortgage to remove the negative equity - that'll do wonders for the national debt!
Its a simple fact of life that for everyone that gains in a situation most likely someone else is losing to the same degree. Those getting on the ladder in 2007 will lose out, those selling up (through death etc) gained. C'est la vie!Adventure before Dementia!0 -
Has anyone set up a petition yet to demand the government stop swine flu? Surely they should be held accountable?0
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No10Petitioner wrote: »Please find below link to a new official downing street petition asking the prime minister to take responsibility for the negative equity crisis facing young families!
The more signatures we get - the better chance we have of getting the Government and the banks to stand up and be held accountable!
petitions.number10.gov.uk/NegativeEquity
Email this to all your friends and family and ask them to sign up too!
Get over it. We were hit hard with negative equity in the early 1990's, our house was worth one third of what we paid for it. We sold 10 years later for two thirds of what we paid. A year later it was selling for one third more than we paid!! You take a risk when you buy property.
It's NOT the Governments fault.
If your home is in negative equity don't move (unless you really, really have to).Nice to save.0 -
Can I start a petition to stop people creating stupid, selfish, ill-thought out petitions?
GGThere are 10 types of people in this world. Those who understand binary and those that don't.0 -
I there a petition on there about losing 40% of your pension fund and then the govt taking away part of the tax allowance :eek:'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0
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That has to be amongst the most stupid petitions posted. Although taking a look, there are quite a lot of stupid ones.
How about taking your own responsbility?
In the last recession the banks did something about making negative equity mortgages portable, maybe this type of thing is what they are alluding to. If you don't need to move it doesn't really matter.'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
Impacts of negative equity:
1. Someone not wanting to move at the moment.
a. You could still be in NE when you decide to move later or when you die
b. The NE is likely to increase.
2. Someone wanting to move at the moment.
a. Lender may not allow NE to be ported to new property.
b. Usual MEWing option for moving costs no longer available.
Rocking horse science, it ain't. Painful it is. Everyone needs to deal with their own situation in their own way.
GGThere are 10 types of people in this world. Those who understand binary and those that don't.0 -
If you don't need to move it doesn't really matter.
Exactly. It doesnt matter for the vast majority of those in neg eq. You either wait until your capital repayment buy you out of neg eq or you save up to fill the gap or you stay put.In the last recession the banks did something about making negative equity mortgages portable
yes they did. They introduced 125% mortgages for those in negative equity. It helped kick start the housing market again. Problem currently is that the Govt is anti 125% mortgages.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
OH! OH! What about a petition to write off our credit card and loan debt too! OOO and how about we just make all housing free! Write off all mortgage debt!
What a load of tosh by people not wanting to accept that the situation there in cant POSSIBLY be their fault! Its a sod, yes, but were all adults, we stopped running to mummy when it all went wrong many years agoThe will to save every money saving penny we can0
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