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Debate House Prices
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Budget 2010
Comments
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Is the stamp duty removal only for FTB's or is it on any house purchased below £250k?
Is it a permanent move or another temporary measure?
i think just ftbs. but the definition of that needs to be clarified. is it those who currently don't own property or who have never owned property.Those who will not reason, are bigots, those who cannot, are fools, and those who dare not, are slaves. - Lord Byron0 -
i was mocked for suggesting this idea a while back. glad to see it's happening.
http://forums.moneysavingexpert.com/showthread.html?t=1549445
To be fair, you were talking about a retail bank, the one the government is setting up is an investment bank. They also plan to put a universal service obligation on the existing retail banks.“The ideas of debtor and creditor as to what constitutes a good time never coincide.”
― P.G. Wodehouse, Love Among the Chickens0 -
What is a FTB?
What happens if you sell your home, clear the mortgage, bank any profits, move into rental or parents for a few months and then buy another house with a new mortgage?
Are you a FTB again?0 -
or have property overseas.Those who will not reason, are bigots, those who cannot, are fools, and those who dare not, are slaves. - Lord Byron0
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What is a FTB?
What happens if you sell your home, clear the mortgage, bank any profits, move into rental or parents for a few months and then buy another house with a new mortgage?
Are you a FTB again?
No. A first time buyer is defined as someone who has never had a pervious interest in property anywhere else in the world, unless it was a short term lease uner 21 years.“The ideas of debtor and creditor as to what constitutes a good time never coincide.”
― P.G. Wodehouse, Love Among the Chickens0 -
No. A first time buyer is defined as someone who has never had a pervious interest in property anywhere else in the world, unless it was a short term lease.
is this easy to check though? i know people who had a couple of houses in iran but were living in a council housing here safe in the knowledge the authorities would never find out. maybe that doesn't effect a significant number of ftbs though. and we're not talking mega bucks of advantage either. just enough for those whose pennies are tight.Those who will not reason, are bigots, those who cannot, are fools, and those who dare not, are slaves. - Lord Byron0 -
It is not easy to check in many countries (depends what the tax information agreements are), but you have to sign a tax declaration, and the penalties are the normal high ones if they catch you (as in, imprisonment, fines, interest etc).“The ideas of debtor and creditor as to what constitutes a good time never coincide.”
― P.G. Wodehouse, Love Among the Chickens0 -
15,000 government jobs to move out of the capital !
The bear view :- 15,000 people who either move or lose their jobs
The bull view :- (up to) 15,000 potential properties which will appear on the market
I think the relocated jobs should appear on Ebay, and potential applicants can then bid for them. That will make a few quid.0 -
is this easy to check though? i know people who had a couple of houses in iran but were living in a council housing here safe in the knowledge the authorities would never find out. maybe that doesn't effect a significant number of ftbs though. and we're not talking mega bucks of advantage either. just enough for those whose pennies are tight.
If money is so tight you need to defraud the inland revenue maybe you need to reconsider 'investing' in property: a conviction for fraud is not going to enhance your CV. :eek:Declutterbug-in-progress.⭐️⭐️⭐️ ⭐️⭐️0 -
Borrowing better than expected
Unemployment better than forecast
Clever use of words by NuLabour to try and make the economic shambles look half decent
Most people on hear thought unemployment would be close to 3 million now, and were fond of saying that borrowing was close to £200bn.
Would you prefer the numbers were worse than expected / forecast.
Just about every economic number at the moment is going the right way. Gorgeous George must be worried.US housing: it's not a bubble
Moneyweek, December 20050
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