Help with Help to Buy for clueless couple

demontfort

Hi there everyone

My name is David but hey call me Dave. I need some advice on the government Help to Buy scheme. Me and my partner George are hoping to buy a £600,000 house in London. You see this Help to Buy scheme is wonderful for young, rich, privileged guys like us who can't be bothered to save up cash for a deposit. It's great to see the government looking after us whilst they are closing hospitals, libraries and youth centres. We do have a small deposit my mother and father have helped us out they've always been great to me they even paid for me to go to Eton.

We both earn good six-figure salaries as we work in government in Westminster. We've both been working there since 2010. We also both have a good credit history as we're both very conservative although George is a little financially naive, he struggles with numbers. We're not too concerned about interest rate rises George has spoken to his old friend Mark at the Bank of England. Mark has promised to keep interest rates low to further inflate house prices and help greedy, spendthrift people like me and George out at the long-term expense of the economy.

The only concern I have is although we have very good jobs we could possibly lose them next year, you see there's another couple of guys in our department Ed and Ed who are very keen to take our jobs in 2015.

Please can anyone advise me whether this help to buy scheme is a good idea for us or whether it will saddle both banks and the government with sub-prime debt once interest rates start to rise. Any advice is appreciated as George and I have no idea what we are doing, also if anybody could give our chum Mark at the Bank of England a basic lesson in Economics that would be quite super.

Yours

Dave

Pixie5740

Well Dave if George does lose his job I'm sure Harrod's would take him back to fold jumpers in a heartbeat

greenface

Is Harrods still open ? Thought that end of London was closed !

zarf2007

demontfort wrote: »

Hi there everyone

My name is David but hey call me Dave. I need some advice on the government Help to Buy scheme. Me and my partner George are hoping to buy a £600,000 house in London. You see this Help to Buy scheme is wonderful for young, rich, privileged guys like us who can't be bothered to save up cash for a deposit. It's great to see the government looking after us whilst they are closing hospitals, libraries and youth centres. We do have a small deposit my mother and father have helped us out they've always been great to me they even paid for me to go to Eton.

We both earn good six-figure salaries as we work in government in Westminster. We've both been working there since 2010. We also both have a good credit history as we're both very conservative although George is a little financially naive, he struggles with numbers. We're not too concerned about interest rate rises George has spoken to his old friend Mark at the Bank of England. Mark has promised to keep interest rates low to further inflate house prices and help greedy, spendthrift people like me and George out at the long-term expense of the economy.

The only concern I have is although we have very good jobs we could possibly lose them next year, you see there's another couple of guys in our department Ed and Ed who are very keen to take our jobs in 2015.

Please can anyone advise me whether this help to buy scheme is a good idea for us or whether it will saddle both banks and the government with sub-prime debt once interest rates start to rise. Any advice is appreciated as George and I have no idea what we are doing, also if anybody could give our chum Mark at the Bank of England a basic lesson in Economics that would be quite super.

Yours

Dave

except george and dave have the cash to buy a house outright, whereas the majority of us who dont have our parents and are being crippled by rental prices in london and the south east might see the help to buy scheme as a saviour....