40% London HTB scheme

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

Rich2808

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

1% deposits with a 50 year interest free loan on the remaining 99%?

Nothing Osborne would do would surprise me now. Its borderline communism!

When the vast majority of the people running the country have the vast majority of their wealth in London property its seems there are no limits to the amount of taxpayers money that is to be thrown at keeping prices high.

We were of course told this week that due to austerity we couldn't afford to give every child the meningitis vaccine. Yet we can lavish funds on this.

Maybe this should be Osborne's new slogan.

'Children must die to keep house prices high!':(:(

Electrum

Rich2808 wrote: »

1% deposits with a 50 year interest free loan on the remaining 99%?

Nothing Osborne would do would surprise me now. Its borderline communism!

When the vast majority of the people running the country have the vast majority of their wealth in London property its seems there are no limits to the amount of taxpayers money that is to be thrown at keeping prices high.

We were of course told this week that due to austerity we couldn't afford to give every child the meningitis vaccine. Yet we can lavish funds on this.

Maybe this should be Osborne's new slogan.

'Children must die to keep house prices high!':(:(

The next Help to buy will be 1% deposit which they will lend to you at zero IR, then 99% mortgage interest free for 50 years !!!!!!!!!!

Yes that will keep house price rising even higher.

Electrum

HTB = Help To Bubble

LordSnoooty

mwpt wrote: »

http://www.standard.co.uk/news/london/15000-london-renters-in-help-to-buy-stampede-a3175361.html



The last scheme of 20% didn't seem to get much take-up but the increase to 40% tax payer backed interest free loans does seem to have worked. Groin thrust time for the builders.

So I am paying for some rich bankers house in London?

Electrum

any numbers released how many are going for this yet?

Electrum

It seems from the numbers so far not that many are taking the government up on this, more buyers went for the 20% free for five years than the 40% free for five years.

Maybe they should make the next desperate offer 50% free for 6years, and you only need a 4% deposit.

If there are still not many takers then we are in big trouble, look out below!!!!!!!!!!

Electrum

Martyforsythm wrote: »

Yes scam is an appropriate word. Also desperate comes to mind.

What will come next,? 50% interest free for 5 years with a 2.5% deposit? And virtually interest free on the 47.5% mortgage?

If that 47.5% could be interest only, and near zero interest rates, then yes that would certainly keep the bubble inflated a little longer.

But all these desperate ideas are just going to make the crash even worse when the can cant be kicked any further.....