Reply to: Sir Mervyn King warns Govt over Help to Buy risks

[Old Hack]

I hope Labour don't get in either. Would like UKIP to get in and Scotland to go independent.

Us too, after we've, ahem, adjusted the boundaries between the countries to reflect the population

[proggy]

Followed by Labour playing spend it like Beckham, 50% increase in immigration from outside EU, join the Euro and then become a PIIG and live in poverty forever more.

I hope Labour don't get in either. Would like UKIP to get in and Scotland to go independent.

[DimPrawn]

This is a desperate stunt to get the economy moving before the general election. If we get another year or two of 0 or minuscule growth it means that Osborne may as well have spent the 5 years playing tiddlywinks, and they will get destroyed in the elections.

Followed by Labour playing spend it like Beckham, 50% increase in immigration from outside EU, join the Euro and then become a PIIG and live in poverty forever more.

[proggy]

This is a desperate stunt to get the economy moving before the general election. If we get another year or two of 0 or minuscule growth it means that Osborne may as well have spent the 5 years playing tiddlywinks, and they will get destroyed in the elections.

[fullyautomatix]

Because it's the only way they have to make people feel rich.

The whole problem is in the name. Funding for Lending (i.e. funding demand) - if they really want to solve the underlying problem, they should be funding supply - but that will cause prices to drop and a lot of people will feel poorer.

WHS. When house prices go up by 10K every month the man on the street thinks he is a millionaire. This is a disaster waiting to happen. The credit crunch was the outcome of credit being offered to fruit pickers who could barely afford a deposit let alone a proper monthly payment.

[centurian]

What is it with every government trying to pump up house prices ?

Because it's the only way they have to make people feel rich.

The whole problem is in the name. Funding for Lending (i.e. funding demand) - if they really want to solve the underlying problem, they should be funding supply - but that will cause prices to drop and a lot of people will feel poorer.

[DimPrawn]

This has to be the daftest idea to come out of this government. Just what they are trying to achieve is beyond me. If someone cannot afford a deposit he cannot afford a house. Simples. Next they will start giving out cash to buy a Aston Martin.
What is it with every government trying to pump up house prices ?

We can all become rich selling our houses to each other over and over again.

Simples!

[fullyautomatix]

This has to be the daftest idea to come out of this government. Just what they are trying to achieve is beyond me. If someone cannot afford a deposit he cannot afford a house. Simples. Next they will start giving out cash to buy a Aston Martin.
What is it with every government trying to pump up house prices ?

[Old Hack]

The UK housebuilders are major Tory party donors......connect the dots!

Rotten to the core.

Apologies, I thought I inferred that!

Helping people sell their older houses isn't going to get them moolah!

[DimPrawn]

It's just to get Wimpeys, Taylors, etc, etc working again. Ill thought out though.

The UK housebuilders are major Tory party donors......connect the dots!

Rotten to the core.

[Old Hack]

would almost make sense if it were linked to the energy efficiency cert.

It's just to get Wimpeys, Taylors, etc, etc working again. Ill thought out though.

[vetran]

I simply do not understand the lunacy of only offering the help on new builds, for the housing stock will still be reduced, as no one is going to buy a 5 bed Victorian house for £500k with a lovely garden, character and fine features, if they can buy a brand new 5 bed box on a link estate with £100k of the governments money. It's going to create many more problems than it will solve.

It will simply render the older houses useless, as well as the new houses, once they've been sold once. You're going to create a lot of negative equity very quickly, imo.

would almost make sense if it were linked to the energy efficiency cert.

[Old Hack]

Sir Mervyn King warns Govt over Help to Buy risks | News | Mortgage Strategy

I simply do not understand the lunacy of only offering the help on new builds, for the housing stock will still be reduced, as no one is going to buy a 5 bed Victorian house for £500k with a lovely garden, character and fine features, if they can buy a brand new 5 bed box on a link estate with £100k of the governments money. It's going to create many more problems than it will solve.

It will simply render the older houses useless, as well as the new houses, once they've been sold once. You're going to create a lot of negative equity very quickly, imo.

[DimPrawn]

Help to buy.......votes!

Vote UKIP

[vetran]

Bank of England governor Sir Mervyn King has warned the Government its Help to Buy scheme could fuel a US -style housing boom and must not be made permanent.

He only just worked that out???

muppet