Its Christ on a bike!

50% discount taxpayer subsidy for social tenants potential Tory voters wanting to buy their own homes

Shirley Porter FTFY 😉

Where?

Is this another Government scheme to keep the housing bubble inflated, and thereby maximise bank profits?

gets some appalling housing stock off the market.. and will cost nowt because who do you think living in a council property can get a mortgage..

So are we private tenants going to recieve this valuable assistance to buy our own homes?

oh silly me, that would mean buying tory voters portfolios wouldn’t it…

😆

Wouldn’t have said it’s anything to do with bank profits – they’ve already factored in a drop in house prices. It’s more to do with appeasing those in the electorate that still think “property is always a good investment”. Over-inflated house prices are still the elephant in the room that someone needs to address.

Have I time travelled back to the Thatcher years? Kill me now.

It was a long time ago and my memory is foggy but weren’t they allowed the money [or some of it] but not allowed to use it to replace the housing lost?

I live in a housing association owned house. We pay £300/month rent, to buy it even with a 50% discount would cost us £600/month for the next 25yrs. Dont think I’ll be taking them up on that one.

I’ve read ‘affordable’ housing not ‘social’

i probably have a bad case of teh dumbz but how would it effect the buy to let market?

EDIT – also from the beeb:

back to 5% deposits eh? how would a mortgage indemnity scheme work?

its both 25% and 35k at the moment I think

I just wonder if the current tenant in the said property can actually raise the mortgage, if not what happens then? I’m a bit too young to remember this the first time round (well actually took no notice whatsoever being in A Level Land)
I’m sure the Gov’t have thought of this?
THey have yeah?
Erm…sure they have..
I mean I don’t want the likes of mahoosive property developers gettting hold of them and turning out tenants left/right/center.

So the £’s raised last time didn’t go to the Councils.. interesting that, it kinda did though yeah in a roundabout kinda way.

So, not only does this have an effect on the new prospective tenants/owners, it also has an effect on cost containment in the Property Depts of Councils, will they need all those workers/administrators any longer? D’owt it.

Bet half of London is going “Whooop!!!” the other half are growning.

I would have liked a policy where developers are forced to rent out [at market rates] any property they have not sold within 3 months of it’s completion. With a clause on building times to stop them leaving stuff unfinished.

On ‘Home under the hammer’ this morning there was a house in Wales you could have bought with a decent credit card.

Something like that.