Boris pledge to offer 30% discount to local first time buyers?

The-Joker

I predict the 30% discount will not happen until 2021 and who knows what the market will be like then

prowla

The-Joker wrote: »

How on earth will this work in practice?

Is this another promise to get votes that will be broken?

Can somebody in London with a 5% deposit still get 40% Help to buy interest free for five years AND GET 30% government funded discount?

The measures to keep the property bubble from popping are getting desperate 😂😂😂

Well that's a kick in the teeth for all the other people who want to buy.

lisyloo

The-Joker wrote: »

I predict the 30% discount will not happen until 2021 and who knows what the market will be like then

I think you are right about the timescale.

Brexit and foreign trade deals will be first priority.
Many contractors are waiting for legislation that must happen before April for the new tax year (hmrc can’t tax without the finance act going through parliament). Lots of jobs and livelihoods dependent on this. This is an example of something that HAS to be done (unless changes are postponed).

Too many other priorities for housing at the moment.

Whatever your brexit preferences it’s been a massive distraction from other priorities such as housing, social care etc.

triathlon

Crashy_Time wrote: »

All good, however many people are also awake to the fact that a rigged property market means their promotions etc. just get eaten up by higher and higher housing costs, but having said that I don`t think the rigged market as it has been for a while now will survive the Brexit process too well. Posters who just complain and also posters who do nothing but ramp house prices could do well to spend more time on productive pursuits, but like Brexit it is such a divisive and addictive topic that I find that unlikely.

How is property "rigged" anymore or less than it has been before. If profits can be made building homes then they will be built, and if not they won't, really is that simple. And before you come back with rose tinted anecdotes from the past I suggest you google 25, 50 and 75 years back for sure and see how people really lived. Even in my life time people had no central heating and even baths and indoor toilet.

AG47

Boris made an absolute pledge or very serious promise of 30% discount on new build homes for FTBers

This can’t be changed now as this was one of the reasons why he had such a landslide win

So many FTBers have no hope of buying a home without this and this was the reason they voted tories when they usually vote labour

If Boris hasn’t fulfilled this promise by next year at the latest then they will be marching in the streets

lisyloo

What’s the difference between that pledge and this one?

https://www.theguardian.com/society/2019/nov/05/tories-broke-pledge-on-starter-homes-in-2015-manifesto-report-says

March if you like, you’ll get arrested (see extinction rebellion) or physically moved by the public (as at Canning Town)
You can’t get what you want just through throwing a tantrum

snowqueen555

I'd like to see how this pans out, whether it is specific houses, how close is "hometown", and how long it takes to implement.

At this moment it seems a lot of new homes are some 20-30% marked up for a comparable "old" house.

AG47

snowqueen555 wrote: »

I'd like to see how this pans out, whether it is specific houses, how close is "hometown", and how long it takes to implement.

At this moment it seems a lot of new homes are some 20-30% marked up for a comparable "old" house.

Yes that is the problem, we don’t know the details yet

Maybe it will only be for those who have lived for decades in a certain area, because included in the manifesto was a condition that it was for LOCAL first time buyers.

You can’t get somebody move to London and then get 30% discount.

I have lived in London for twenty years now so I think I can be classed as a local :T

The-Joker

snowqueen555 wrote: »

I'd like to see how this pans out, whether it is specific houses, how close is "hometown", and how long it takes to implement.

At this moment it seems a lot of new homes are some 20-30% marked up for a comparable "old" house.

We are all anticipating the details

How long can they delay until there is an uprising after all the manefesto was the reason Boris had such a strong win

sevenhills

The-Joker wrote: »

Boris Johnson also says homebuyers will be offered a 30% discount when buying new homes locally.

https://thenegotiator.co.uk/boris-johnson-latest-housing-ideas/

Its not in their manefesto, so it wont happen. Just like George Osborn said in the 2015 budget about a £9per hour minimum wage by 2020, it didnt happem.


https://www.bbc.co.uk/news/election-2019-50524262