MSE News: Bank of Ireland to raise mortgage SVR

moneymagnet_2

Anyone know why people who buy their council house are entitled to up to £75,000 off the market value?

Morgage_Confused

not sure why you posted that in this thread but I do agree...right to buy should just be stopped.

shortchanged_2

Morgage_Confused wrote: »

not sure why you posted that in this thread but I do agree...right to buy should just be stopped.

I know this has gone off topic but I'll say my bit. Whilst I do feel these huge discounts on right to buy are not right, I am not totally against the scheme with much smaller discounts.

Fundamentally there is nothing wrong with this sort of scheme IF it is done properly, in that the stock that is sold off is replaced by new stock.

This was the problem with the scheme in the past which is why it has helped create some of the mess we face today in that the stock that was sold off was never properly replaced, therefore it only contributed to the housing shortage we have today.

Thrugelmir

moneymagnet wrote: »

Anyone know why people who buy their council house are entitled to up to £75,000 off the market value?

Market value is open to question in the current economic climate.

The reason is to release capital to enable funding of a building programme.

Home ownership at the right price is beneficial to the economy as a whole.

_Andy_

moneymagnet wrote: »

Anyone know why people who buy their council house are entitled to up to £75,000 off the market value?

What has that got to do with

"MSE News: Bank of Ireland to raise mortgage SVR"?

ProperBo

thanks for going completely off topic, some people aren't bothered about a lot of people's genuine concerns. '' i'm alright jack ''

opinions4u

jjbell7 wrote: »

thanks for going completely off topic, some people aren't bothered about a lot of people's genuine concerns. '' i'm alright jack ''

Bring it back on topic then.

ProperBo

i did, check my previous post

caveatvenditor

moneymagnet wrote: »

20 years of mortgages where it has been?

Like I said I asked an expert to source my mortgage as I am clearly not knowledgeable enough to do it myself. I would expect him to point out the difference between the three types - he didn't.

Mate, it's nobodies fault but your own.

Winging that the SVR has gone up when the base rate hasn't is a straw man. What if the base rate had gone up - where's does your flaccid argument go then?

You are responsible for the contracts you enter into. Not me - not the expert - not anyone else. YOU.

I can only imagine you are busy blaming everyone else because you can't face the horrifying thought that you have deep down that the responsibility or "blame" actually lies with you.

ProperBo

this will be my last post on this thread as there seems to be a lot more nastiness than advice, good luck