My Experience - Thames Valley Housing Association - My Choice Homebuy Scheme

withoutatrace

Sorry to hear your news. It seems very unfair when non guaranteed overtime and bonuses cannot be included in mortgage affordability calculations.

I cant help thinking that they are trying to make us give up on the funding by creating all these 'problems' they keep coming up with...but we aren't going to give up easily as we have invested a lot of time and money already; the solicitors have gone ahead and completed the searches without being instructed to. We are already saving every penny; this scheme is our only chance of a better life.

ChelseaDPM

WITHOUTATRACE i am really sorry to hear your news. Can't help but think these guys are screwing us honest folk over and it just makes my blood boil. I have been told to call back next week to see where mine sits in the que. I try not to get my hopes up as every time i do the timescale gets longer and longer and L O N G E R. I just want confirmation, is that so hard to ask after 4 weeks for a so called 2-3 day process? I think so.

ChelseaDPM

Sorry not withoutatrace, misspixiewix. My mistake.

bargain-hunter-uk_2

We have gone through exactly the same bad process, and our vendor pulled out yesterday after waiting nearly 6 weeks, and becomming inpatient. So we've now lost the house.

Did you know... the reason TV is struggling so much is that they sent out 2000 packs in one day this year, when they are meant to send them out in stages week by week to stem flow back in? natrually they received 2000 back, and that is why they have a massive delay. Also, did you know there are only 4, yes 4 case handlers working at TV? true.

Our case handler had a lovely 2 week holiday in the last 2 weeks of may, and what happens to your pack in that time... nothing... it sits on their desk and no other person looks at it.

The whole thing is disgusting. I sympathise with everyone on here, and hope we all come through it one way or another.

I dont know if anyone else has noticed, trying to find another property is almost impossible, as there is just so so little out there, and I just dont think we stand a chance, as you only get 6 weeks after you are approved to get a replacement property!

stressful at the best of times buying a property, but complicated by this shambles is just unbearable!

Good luck everyone. hang in there.

zappahey

bargain-hunter-uk wrote: »

The whole thing is disgusting.

You're absolutely right, it's an outrage that taxpayers' money is being used to subsidise the housing market.

All it does is help to keep prices out of reach.

bargain-hunter-uk_2

zappahey wrote: »

You're absolutely right, it's an outrage that taxpayers' money is being used to subsidise the housing market.

All it does is help to keep prices out of reach.

lol, there's always one like you isn't there! narrow minded.

zappahey

bargain-hunter-uk wrote: »

lol, there's always one like you isn't there! narrow minded.

Quite the reverse, actually. I'm seeing the bigger picture that the more money that ends up chasing the same house, the higher the price goes.

Think about it, if people can't afford buy houses within their means, then prices must drop until they become affordable. If the government subsidises buyers, thus increasing the price they can pay, then there is no incentive to make prices affordable and it just makes it harder for everyone to buy.

bargain-hunter-uk_2

yes, but if you think about the percentage of people on the homebuy scheme, it is tiny in proportion to the overall market. So therefore would have little effect in the grand scheme of things.

Whilst your point is valid, perhaps it's the way you come across?

:rotfl:

nearlyrich

I agree with zapphey ths is just a way of manipulating the housing market, it's not working,starter home prices need to be affordable on FTB wages, the latest stories about house prices rising is mainly because FTBs can't buy and the houses that are moving are further up the line showing an increase on the average price.

Good luck to everyone trying to use this scheme by the way sounds like a nightmare.

bargain-hunter-uk_2

nearlyrich wrote: »

I agree with zapphey ths is just a way of manipulating the housing market, it's not working,starter home prices need to be affordable on FTB wages, the latest stories about house prices rising is mainly because FTBs can't buy and the houses that are moving are further up the line showing an increase on the average price.

Good luck to everyone trying to use this scheme by the way sounds like a nightmare.

Yes, I agree, if prices were to come back into line then it would be much more realistic, but i guess we have to use something to get there for the time being, and this is our only glimmer of hope!