HTB Mk2

[Sload]

Do these goons really not see the problem or is this a blind desperation strategy to win votes before the election:

https://www.bbc.co.uk/news/uk-politics-24319583

Having read a fair proportion of opinion about this on another notorious site, I still cant believe they are pushing this through
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Honda Varadero >> Triumph Speed Four >> Honda CBR1100xx

[Rogerborg]

[N cee thirty]

i did lol when i saw how much it was allowed up to, all it'll do is drive up property prices.
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'00 Aprilia RS50 > '92 Honda CG > '99 Yamaha Fazer > '91 Yamaha RXS > '79 Suzuki X5 > 01' Honda Cg > 07' Honda Cg > 82' Kawasaki Z200 > suzuki gsxr 400 gk73a > honda vfr 400 NC30 Mod 2 Passed 09/06/2011

Jewlio Iglesias wrote: I actually did vote BNP once

[Im-a-Ridah]

£600k eh? So this is a real money for someone's mates then? It's not as if the average guy like Joe the plumber is going to buy a 600k house!

[owl10]

Fuck off HTB -Its only to create house price inflation so the govt can claim growth "rescue the economy" in time for the next election.

Pissed off that they've brought it forward.

Fed up the govt have been propping up the market so long and Ive paid nearly 20k of my landlords mortgage decided its about time to get my own,

Saved for years to get a measly 10% deposit, Went to various banks to see what I can reasonably borrow and afford monthly.

175k is about my monthly affordability over 28 years (800 per month, give or take).

Banks offering 210+, "oh and combine it with the HTB scheme you can have an even more expensive place..."

Fuck off.

Trouble is, there will be many who irresponsibly borrow, pushing up prices (already started), the prices rise faster than I can save
so its now or never.


So two choices, join the great big ponzi scheme and hope for the best, or go onto social housing and wait for the crash. Renting is the worst option - lose cash and own nothing.

Roll of the dice either way.
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DanceLikeAMonkey says: "An infinte amount of web pages available
Yet I still end up reading crap like that"

[james1988]

[_Will_]

They know exactly what they are doing, they will lump in the house price increase with the rest of the figures and boast of economic growth, which they will expect will win them the next GE.

They only care for themselves (labour/tory/lib's all the same), fuck the general public, who cares if this lowers living standards, if you are on the right side of the wealth divide.
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Past -Honda qr50 | 2004 Peugeot Tkr s 50| | 1996 Yamaha XJ600s Diversion|

[owl10]

[smegballs]

[Derivative]

The thing is, to me, a young person who may well have aspired to own a house, these sort of schemes just discourage me.

Not from lack of affordability, but it simply shows just how able and willing the Government are to control house prices. They have the absolute authority to turn your lifetime investment to dust or to gold in a relative instant.

Right now it seems like alternative investments are a far safer bet unless you're planning on renting out rooms.

People say that mortgages are cheaper than renting but as far as I'm concerned that's straight up nonsense unless you want a massive house with the trimmings (family with kids or whatever).

You can rent for 5k a year pretty much anywhere. 5% investment return is fairly reasonable. Can you get a £100k place? In the North East and various other desolate towns, sure. Otherwise, no chance. You might get a leasehold with ground rent and other bits that make your 'investment' essentially renting-lite, though.

The only way I could see buying making sense for me is if I bought a 2 or 3 bed and rented out rooms to lodgers. I may well do that at some point, but realistically most won't.

[Vincent]

It's also aimed at second home buyers too apparently The "helping first time buyers" spiel is a ruse.
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Space Is Deep

[Ste]

[Quornholio]

Does it mean 'second home buyers' or 'second home' buyers?

As in, the person who owns a house and wants a second one paid for by someone renting etc, or someone who once owned their own house, but has sold it eg due to divorce etc.

[Vincent]

Something that was on the radio or TV news, saying that the 600K limit will be made the most of by those in society that would like two homes, not just first time buyers. Might have been Radio 4's "You and Yours".

Everyone in the know have advised them not to do this as it could lead to a worse crash than last time. Encouraging people to get themselves in debt with little prospect of them being able to pay it back can never be good.

It seems that the Govt are trying to clear the Rifraf from certain areas of London and elsewhere. Didn't that happen at Notting Hill and The Angel?
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Space Is Deep

[Quornholio]

https://www.rightmove.co.uk/help-to-buy.html

In fairness, I like the fact that it applies to pre-built homes, and not only shitty new build boxes, like it usually does.

Not so keen on second home buying though. P'raps would be better to get these building folks knocking up some social housing to ease the shortage left by selling them off.

[Ste]

"Properties of up to £600,000 will come under the plans, although foreign buyers with no history of property owning in the UK, buyers of second homes and buy-to-let landlords will be excluded"

[Vincent]

[Quornholio]

From the link also:

Below is a quick checklist of who is eligible for the scheme:

Available to both existing home owners and first-time buyers
Buyers need a minimum of a 5% deposit
Available on all previously owned and new build properties up to the value of £600,000
Must be your only property
Available for properties in the UK
Borrowing from a participating mortgage lender

Of course, there'll be a legal swizz where your kids own the house you live in or whatever, or you buy it in your kids name, etc.

[Vincent]

I'm not sure how good this craze for property speculation and Buy To Let is for the housing market. It's certainly seems to have screwed things up for first time buyers.
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Space Is Deep

[Ste]

[Vincent]

[_Will_]

The gubberment are handing out free money to those who already have it to speculate.

Meanwhile other companies are charing man on the street 4000% apr for a tiny loan, but hey it's all fair....right?
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Past -Honda qr50 | 2004 Peugeot Tkr s 50| | 1996 Yamaha XJ600s Diversion|