Help to buy SCAM....

MoLatif

I'm of the opinion that H2B schemes were more rewarding to the builders than the buyers. Look at the profits posted by the big builders and the percentage of H2B contracts on their homes.

I avoided these as I noticed that the newbuild prices seemed extremely high, and as the 1st houses on the developments were coming back up for sale the prices were substantially lower.

I didnt trust the system, seemed a bit too good to be true and builders, knowing that many young people were desperate to get onto the property ladder were the biggest profiteers.

These arent scams, its buyer beware and you cant assume the deal is good just because its there, you have to do your research.

I saved and saved, lived like a monk, saved, cut right back, worked any overtime I could get and saved some more. Then I saved. Now I have my house at last, 100% of it.

Its like having perfect abs, you have to put a lot of hard work in at the gym over a long period, and make sacrifices to get the results.

onwards&upwards

urgi wrote: »

I think whole H2B is GOV SCAM

If GOV really WANT help the people they shut be 5 year no interest and return exact same money what they borrowed on beginning - if you staying in house

after 5 years interest on top

What on earth made you think the government might want to help people?

csgohan4

perhaps consider it this way, would you have been able to buy your house with the HTB loan?

I don't touch them with a barge pole because I know what it is and the pitfalls, have you?

diggingdude

Perhaps you could sell the house, deduct what you initially paid and then hand over all profit to the tax payer as a thank you?

urgi

No

I have hard made CASH and I don't want throw to GOVBIN much as I have to....

I calculate max £50K but unpleasant surprise came....

FTBAngst

How did you calculate 50k max?

grumiofoundation

urgi wrote: »

No

I have hard made CASH and I don't want throw to GOVBIN much as I have to....

I calculate max £50K but unpleasant surprise came....

Well really you have made 64k based not on hard work but on the government giving you an interest free loan for 5 years that concurrently allowed you to live in a home you otherwise would not have been able to afford.
I would suggest that complaining that your house has gone up in value is unlikely to get you a lot of sympathy.

urgi

Purchased price 2014 £200000 - after 5 year each year price increase 5% max = 2019 £250000

20%of £250K = £50K max return to H2B in the worst dream

but 280K never assumed

kingstreet

So what's your issue, is it the amount you have to pay; or that amazingly, the Government simply didn't illustrate how the value of your property might go up...?

grumiofoundation

urgi wrote: »

Purchased price 2014 £200000 - after 5 year each year price increase 5% max = 2019 £250000

20%of £250K = £50K max return to H2B in the worst dream

but 280K never assumed

You don’t seem to realise how ridiculous your complaint is coming across. You are basically complaining you have been scammed by the government because your house is now more valuable than you would like!

Also your maths isn’t right, 5% rise every year for 5 years is not the same as a 25% rise.