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George Osborne expected to use Budget to offer raft of help to boost housing market

Second-time buyers to be offered 95% mortgages by Osborne in desperate bid to boost housing market

NewBuy scheme which means buyers only need a 5% deposit to be extended
George Osborne expected to use Budget to offer raft of help to boost housing market
Average age of a first-time buyer is 33, rising to 41 for so-called second-steppers

link
Ex HPC fool
«134

Comments

  • IronWolf
    IronWolf Posts: 6,445 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    First time buyers should be exempt from Stamp Duty. That would help.
    Faith, hope, charity, these three; but the greatest of these is charity.
  • purch
    purch Posts: 9,865 Forumite
    Second-time buyers to be offered 95% mortgages by Osborne in desperate bid to boost housing market

    I know he is rich, but that is gonna cost a few bob :eek:
    'In nature, there are neither rewards nor punishments - there are Consequences.'
  • grizzly1911
    grizzly1911 Posts: 9,965 Forumite
    1500 purchasers under new buy seems like a roaring success.

    Builders lobbying again.

    I do like this graph.

    How does this show a collapse? Average 1500 units with drops during the winter? Flat and turgid maybe.



    article-0-18A00938000005DC-611_634x423.jpg
    "If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....

    "big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham
  • ukcarper
    ukcarper Posts: 17,337 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    1500 purchasers under new buy seems like a roaring success.

    Builders lobbying again.

    I do like this graph.

    How does this show a collapse? Average 1500 units with drops during the winter? Flat and turgid maybe.



    article-0-18A00938000005DC-611_634x423.jpg

    The preceding 10 years would be interesting
  • 1500 purchasers under new buy seems like a roaring success.

    Builders lobbying again.

    I do like this graph.

    How does this show a collapse? Average 1500 units with drops during the winter? Flat and turgid maybe.



    article-0-18A00938000005DC-611_634x423.jpg

    Did you post the wrong graph? Because this one is showing £ million, not units.
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    How does this show a collapse?

    Look further back....

    House%20building%20graphic-1743450.jpg
    “The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.

    Belief in myths allows the comfort of opinion without the discomfort of thought.”

    -- President John F. Kennedy”
  • james_toney
    james_toney Posts: 178 Forumite
    love this line,

    A Government source said: ‘Housing will be key to this Budget – we want to give as much support as we can to the whole sector.’
    Ex HPC fool
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    uk-housing-population.gif
    “The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.

    Belief in myths allows the comfort of opinion without the discomfort of thought.”

    -- President John F. Kennedy”
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    1500 purchasers under new buy seems like a roaring success.

    So more a 'toothpick' than a 'prop' then....
    “The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.

    Belief in myths allows the comfort of opinion without the discomfort of thought.”

    -- President John F. Kennedy”
  • Sibley
    Sibley Posts: 1,557 Forumite
    Ninth Anniversary Combo Breaker
    This news has gone down like a cup of cold sick over on HPC....
    We love Sarah O Grady
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