Councils helping FTBs?

billymadbiker

Had my council tax bill through today, reading the booklet that came with it tells me my local cc have large amounts of money in 'reserves'
(it also says 10% of the yearly expenditure is repayment/servicing of debts, why they have both savings and intrest-charging debts is another issue though!!)
Now, presuming the council is getting a return of 3% on the 'savings' what would be wrong with putting this to a better (ie higher intrest earning) use?
If the council would 'pay' my deposit and I repay back at 3.5% the would the council tax payers not be better off?


Also, the rules regarding ftb'ers and BTL ll's need to be improved (created?)
A couple of years ago a large (listed) building in my local town managed to gain planning by making half the development 'affordable' housing for first-time buyers.
They put 22 flats in there, as of last week 18 of them are rented. Somehow, within the last 2 years, at least 7 of the ftb'ers flats have moved into the letting market. Not sure if there was a workaround at the start or if the ll's have done there bit to push prices up by offering the ftb an instant profit on the flat?