F'Wittery of the highest level

[vetran]

Er, why is that f***witted?

Well if I were trying to sell such a policy to the electorate, 90% of which don't have anywhere near £100k household earnings, I wouldn't be surprised if the electorate objected to subsidising the rich.

We just had a discussion about BTL where people were horrified Landlords may pay the interest on mortgages like any other business because they were rich Boomers, now the government is throwing taxpayers cash at the top 10% to buy half million pound houses and people are saying why not.

[DimPrawn]

£100k is the new living wage.

[AtW]

Less the Govt 40%. Less the 20% VAT when you spend it.

Less NICs, less massive fuel duty etc etc - can somebody on £100k afford a private school for just one of their children? Can't see that being possible, so how can it be called rich?

[OwlHoot]

George Osborne's 'help to buy' loans have gone to 1.7k couples earning £100k | Daily Mail Online

is anyone surprised

Er, why is that f***witted?

These days even £100K a year doesn't allow much of a mortgage, as a multiple of income, compared with the prices of most family houses.

Also, shifting a few medium income families into "better" houses, makes more opportunities for buyers into the low end.

You sound like another smug old "veteran?" house owner, like FatLazyContractor, out of touch with the realities of today's property market.

[DimPrawn]

less my 20%

Less the Govt 40%. Less the 20% VAT when you spend it.

[DodgyAgent]

£100k isn't rich.

less my 20%

[vetran]

Interesting

Is it the fault of the government

or is it the fault of the greedy feckers who knew damn well the loans were not for them but thought so what and did it anyway

ok the rules and controls should have been better but is it acceptable to just grab grab grab just because you can?

I don't know, those money grabbing contractors that flagrantly avoided paying NI would say "it was legal so what"

In my opinion something like this should be written to avoid the wrong people claiming, its not Rocket science

(either applicant / owner Earnings > average) or (any applicant not first property purchase) = refusal.

[original PM]

Interesting

Is it the fault of the government

or is it the fault of the greedy feckers who knew damn well the loans were not for them but thought so what and did it anyway

ok the rules and controls should have been better but is it acceptable to just grab grab grab just because you can?

[DimPrawn]

Free tax payer funded, freshly printed money. What's not to like?

Fill yer boots!

[AtW]

£100k isn't rich.

[vetran]

George Osborne's 'help to buy' loans have gone to 1.7k couples earning £100k | Daily Mail Online

Help to Buy helps the rich: 1,750 couples earning £100,000 get Osborne's cheap loans (including 500 who ALREADY had a house)
The government's 'help to buy' scheme helps people get a mortgage
Anyone who saves a 5% deposit can get a 20% loan from the government
Scheme has been used to help some of Britain's wealthiest couples
Hundreds of homes worth over £500,000 have been bought on scheme

is anyone surprised