40% London HTB scheme

TheeMaskedTurnip

Electrum wrote: »

Many here are questioning it.

There is so much to be questioned about all the desperate efforts to keep property prices propped up.

Questioning it doesnt make much difference, but its pretty easy to see the results- temporary propping up artificial high prices, until they cant be propped up anymore.

Someone sounds a mite jealous. Have you got the green eyes of envy or what? Just because you want to stay a RFL doesn't mean everyone else should. Let them buy houses. At the end of the day it's nothing to do with you.

mwpt

(Quote removed by Forum Team)

Yes, they are a minefield. Already a poster on here has confused "HTB Equity Loan" with "Shared Ownership".

Shared ownership is fraught with risk and comes with multiple downsides. As someone said, it's almost like renting but without the upside of renting (ie. someone else maintains the property). Fantastic for the builders though as they get to charge high prices for part of a property, while still owning the rest and making you pay to take care of all of it. It's unbelievable really.

mayonnaise

TheeMaskedTurnip wrote: »

Someone sounds a mite jealous. Have you got the green eyes of envy or what? Just because you want to stay a RFL doesn't mean everyone else should. Let them buy houses. At the end of the day it's nothing to do with you.

Electrum is not a RFL. He/she's a RFW.
Now go back to work and pay your taxes to keep Electrum housed, fed and watered.

Electrum wrote: »

Im on JSA and over the benefits cap.

Basically because of housing benefit and Child tax credits I get my total benefits reduced by the amount of JSA I should be getting before the cap.

So If I do a little work here and there, and declare the earnings, it would be taken off my JSA would it not? But my benefits wouldnt actually go down as long as I only earn a little, I would still be getting £500week.

Would it complicate my claims for housing benefit or would I even need to tell them?

MARTYM8`

mwpt wrote: »

Yes, they are a minefield. Already a poster on here has confused "HTB Equity Loan" with "Shared Ownership".

Shared ownership is fraught with risk and comes with multiple downsides. As someone said, it's almost like renting but without the upside of renting (ie. someone else maintains the property). Fantastic for the builders though as they get to charge high prices for part of a property, while still owning the rest and making you pay to take care of all of it. It's unbelievable really.

With all fairness I have confused nothing.

This thread is about the 40% London help to buy scheme – not shared ownership. So that is what I commented on!

We could have a lengthy thread about the problems of SO – but that is a different ballgame.

mwpt

MARTYM8` wrote: »

With all fairness I have confused nothing.

This thread is about the 40% London help to buy scheme – not shared ownership. So that is what I commented on!

We could have a lengthy thread about the problems of SO – but that is a different ballgame.

Well, we had a poster asking about why shared ownership was a scam, and you answered, which in any normal conversation would mean you were answering about shared ownership. It doesn't matter, I hope that poster has the answer they were looking for.

TheeMaskedTurnip

mayonnaise wrote: »

Electrum is not a RFL. He/she's a RFW.
Now go back to work and pay your taxes to keep Electrum housed, fed and watered.

I didn't think there was a thong worse than an RFL. What a bloody parasite.

AG47

Can you use the 40% for right to buy?

Garethgrew

I'm waiting for next desperate attempt to prop up property prices,

Next HTB may be 50% that you don't have to pay back.

HTB help to bubble

wymondham

Garethgrew wrote: »

I'm waiting for next desperate attempt to prop up property prices,

Next HTB may be 50% that you don't have to pay back.

HTB help to bubble

Indeed

I'd like a new cooker, how about 'help to cook', with the tax payer helping me - sounds ridiculous doesn't it... its the same on houses...
I've said this lots of times, but why should anyone get assistance from the Government to own an asset?

Filo25

Garethgrew wrote: »

I'm waiting for next desperate attempt to prop up property prices,

Next HTB may be 50% that you don't have to pay back.

HTB help to bubble

Help the Builders more like

Not sure how much the impact is on the wider market, but it obviously has an impact in helping developers shift some overpriced new build properties