oh no: UK house prices see 'strong' rise

[ratewhore]

To release equity to your children you either need to sell your house or remortgage (i.e. take on more debt). In this case, debt is fuelling debt which eventually will be unsustainable...

[_V_]

You can release the equity through shared ownership schemes. Ie parents sign contract that signs over say 40% of their home in exchange for lump sum to give to children to push house prices up further.

eg.

What is the Norwich Union Home Reversion Plan?
This plan quite simply allows a homeowner(s) to sell a percentage of their home to the reversion provider in exchange for a cash amount.

The customer can continue to live in the property rent free until death or leaving the property permanently, which may be when the need exists to go into long-term care. When this occurs, the property is sold by the reversion provider and, after deducting selling costs, the equivalent percentage of ownership is taken from proceeds of the sale. If anything less than 100% has been sold via the plan, the remaining percentage would be returned to the customer or their estate.


Easy peesy way to ensure the bubble never bursts.

[The_Equalizer]

Not stable.

Has a tendency to hit the endstops at either end.

Hard.

We're doomed.

This is exactly the problem. No wonder old Mr G. Brown Esq. is busting to move next door. Can't have his wonderful economy popping on his watch. What I haven't understood is why GB was rather careful during the first three years in the job then went on a mad spending binge?

[Ardesco]

Wasn't it something to do with following tory spending plans for the first couple of years?

[_V_]

Ideal investment property. Just need a tin of paint and a dozen sleeping bags.

http://www.rightmove.co.uk/viewdetai...a_n=1&tr_t=buy

HTH

[MarillionFan]

Only worth about 3k IMHO.