Thought Id start this one going because its rather dead on this board at the moment and I suppose all my usual muckers are either at the Stella tennis event watching Dim Tim (lose again) or at Henly Regatta eating cucumber sandwiches (they wish,...NOT).

Anyway please feel free to just talk to yourself blast away and let it go on any company or subject you wish. Just wish Id thought of this one before.

cheers GF.

your call ... what help would you suggest, if any .... you're good - or at least you think you are - at posting negative and unconstructive stuff, so now try something different

You call help for buyers (not just first timers) to get mortgages of up to £600k anything other than a ramp?

Please explain, as you keep asking for answers to situations that don't exist.

a pathetic non-response as expected

firstly, i am completely in favour of people owning their own homes rather than renting
secondly, i am under the impression, perhaps wrongly, that this proposed scheme is aimed at first-time buyers, though £600k (£400k in scotland) sounds unnecessarily high

the proposed scheme may well be flawed to a greater or lesser extent, but i am not qualified to judge, but i have yet to hear anyone other than fred come up with even a possible alternative .... you certainly haven't

so let's try a simpleton's question yet again .... are you or are you not in favour of some kind of financial help for first time buyers?

i won't overload your grey cell with a supplementary

.

The last question you asked of MK.

Not at the price you are suggesting.

Perhaps, up to £200000 but certainly not £600,000.

I think the latter is criminal and is a despicable party political throw away.


Think the many "low" earners should be help to decent living economical accommodation on the way to self purchasing.

May be possible to arrange that part of the rent could be diverted to building up a suitable deposit for private purchase.

But there is nothing virtuous about owning your own property and in much of Europe "think" it is still less than the norm.

The last question you asked of MK.

Not at the price you are suggesting.

Perhaps, up to £200000 but certainly not £600,000.

I think the latter is criminal and is a despicable party political throw away.


Think the many "low" earners should be help to decent living economical accommodation on the way to self purchasing.

May be possible to arrange that part of the rent could be diverted to building up a suitable deposit for private purchase.

But there is nothing virtuous about owning your own property and in much of Europe "think" it is still less than the norm.

...

I think my irritation is showing.

Get the dum dums out of storage.

9-)

In London, £200k won't buy you much except one room. A figure of £400k would be more realistic, but still would not get you much.

You can still buy flats in London for £200k, but agreed, you wont get much.

http://www.rightmove.co.uk/property-for-sale/find.html?searchType=SALE&locationIdentifier=REGION%5E87490&insId=1&radius=0.0&displayPropertyType=&minBedrooms=&maxBedrooms=&minPrice=&maxPrice=200000&retirement=false&partBuyPartRent=false&maxDaysSinceAdded=&_includeSSTC=on&sortByPriceDescending=&primaryDisplayPropertyType=&secondaryDisplayPropertyType=&oldDisplayPropertyType=&oldPrimaryDisplayPropertyType=&newHome=&auction=false




As for the £4-600k merchants...lol



Check out the going rates:

Source: http://www.payscale.com/research/UK/Location=London-England%3a-London/Salary

As I said £200k won't buy you much.

fred - i'll ignore your political throw-aways as they're just predictable and dull ....

there is indeed a view that renting is better than buying, but i don't subscribe to it, even though i am also a landlord

May be possible to arrange that part of the rent could be diverted to building up a suitable deposit for private purchase
there are already schemes along those lines, though i do not know the details

We live in a low wage long hours economy, with the unrealistic expectation that owning one's own home is a given for virtually everyone... which is nothing short of nuts.

Wake up middle Englanders.

Cynic,

Not a vested interest then.

I see the need of allegiance.


Hays,



Then they can get on their bikes and move or doss in a doorway, they don't have to be bailed out or secured by the state.

We were a nation that had low expectation of home ownership. It was expected that people would save for Yeats for a deposit. That has changed and now people expect to buy a property much sooner. The reason why it matters is that rented property is so expensive. In the rest of Europe, renting is far more common.

Expectancy, is often followed by disappointment and rentals returns can be returned by market forces to realistic levels.

The UK is now a shit hole full immigrant beggars

The UK is now a shit hole full immigrant beggars

fred - on that basis, you would have thought i would be against house ownership :-)
by the way, there's an awful lot of downside to being a landlord, but that has no relevance here

David Cameron: 95 per cent mortgages will make 'dream of home ownership a reality'

Tens of thousands of home buyers will today be offered 95 per cent mortgages by state-owned banks in a move which David Cameron says will make the “dream of home ownership a reality”.


By Steven Swinford, Senior Political Correspondent

12:01AM BST 08 Oct 2013


George Osborne, the Chancellor, will unveil details of the £12 billion Help to Buy scheme which the government hopes will give people the “same chance to get on the property ladder as their parents”.


Royal Bank of Scotland/ Natwest said that from Tuesday it will offer the mortgages to 25,500 home buyers over the next three years, although loans will be more expensive than those already available on the market.


Halifax will also offer the mortgages from this week, while Virgin Money and Aldermore Bank are expected to join the scheme in the New Year.


Mr Cameron said: “From today, thousands of people will be able to get a foot on the housing ladder by applying for the new Help to Buy mortgage guarantee. If you've got 5 per cent of the funds for a mortgage deposit, we’re providing a guarantee to the banks to help you get the rest.


“Help to Buy is going to make the dream of home ownership a reality for many who would otherwise have been shut out. This goes right to the heart of my vision for Britain – a country where everyone who works hard can get on in life."


"The latest phase is designed to allow first time buyers and existing property owners with a minimum 5 per cent deposit to buy a property worth up to £600,000. The Government guarantees up to 15 per cent of the loan."



More: http://www.telegraph.co.uk/finance/personalfinance/borrowing/mortgages/10362285/David-Cameron-95-per-cent-mortgages-will-make-dream-of-home-ownership-a-reality.html

Cynic,

Not against home ownership and part own another property, managed by an agent.

But think rent for accommodation appears extortionate is some areas.

Also, wonder if those with multiple property ownerships are all paying tax on the earnings.

--------

One of the things I feel sorry for a lot of younger generation is the amount of short term contracts that many have, especially if are postgraduate jobs and working in, or out of university.

Many lack an ability to plan for the future and are often thinking of the next move 3-4 months before the end of one contract about the next.

Getting on your bike to the next job is easy when in 20-30s, but less so afterwards and the majority would hope to have rooted down by their 30s rather than having constant upheavals.