Lloyds Bank Help to Buy range launches today | Discuss

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Lloyds Bank Help to Buy range launches today
02/01/2014
1:32 pm
lividlandlord
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What happens when the interest rates go up and these people can’t afford these homes?… Confused

Can people outside of the UK/non-british nationals use the Help-to-Buy scheme?… Confused

And considering the scheme has allowed less than 0.01% of the population to apply for a mortgage, since it’s introduction 3 months ago, I don’t really understand how Mr Cameron is now claiming Help-to-Buy as a roaring success?! Confused

Someone please enlighten me!

02/01/2014
1:38 pm
David Price
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Help to buy is a roaring success in the same way that Universal Credit cannot be judged on the (Unpublished) results of a few trial areas.  Round and round we all go until we are in a spin.

02/01/2014
2:00 pm
Paul Routledge
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lividlandlord said
What happens when the interest rates go up and these people can’t afford these homes?… <img
 

Simple!  more people go into debt or get a lesser standard of living as they try to stretch the rubber pound note even further.

 

Paul Routledge CEO
Tenant Referencing UK.Com
02/01/2014
2:21 pm
stonehouse
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I had a first time renter couple view my property this morning and they had very studiously worked out that they could afford the flat. I was very impressed with their calculations although they were a bit low on the utilities cost they forgot the council tax which is over £1200 a year.

When I explained that they had to pay £1200 to the council for their bin emptying they were so shocked and the girl started to well up and with dreams shattered they left bewildered saying how are people supposed to live when everything is just so expensive.

Everyone of my tenants and everyone I know who is on a middle class family income has no disposable cash and gets by month on month just paying the bills. If housing gets sparser and interest rates rise I fear we will see the economy decline back into recession and if the only reason they raise interest rates is to give the old savers better returns they need to think twice, because, for every saver that gets a few extra quid they will never spend will result in twice the amount of families being plunged further into debt.

02/01/2014
3:47 pm
rybeconline
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This is what the Government fail to see!  All seems great to the public when there’s an offer to help them buy their own home, especially given the recession we’ve been in the grip of. Then some poor soul takes the bait and unknowingly could end up losing their home.  Does the government not think of the long term outcome?  Apparently it’s a roaring success but take another look in a year or so and I bet only the banks will be smiling, leaving poor Mr& Mrs new home owner on a social housing list somewhere.

Kayleigh Tewkesbury

Rybec homes on line partners with Landlordreferencing.co.uk

Advertise your ‘let’ until ‘let’ on Rightmove and Zoopla for £25+vat

03/01/2014
7:43 am
PaulBarrett
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rybeconline said
This is what the Government fail to see!  All seems great to the public when there’s an offer to help them buy their own home, especially given the recession we’ve been in the grip of. Then some poor soul takes the bait and unknowingly could end up losing their home.  Does the government not think of the long term outcome?  Apparently it’s a roaring success but take another look in a year or so and I bet only the banks will be smiling, leaving poor Mr& Mrs new home owner on a social housing list somewhere.
Kayleigh Tewkesbury
<a
href=”http://www.rybechomes.co.uk/”>Rybec homes on line partners with <a
href=”http://www.landlordreferencing.co.uk/”>Landlordreferencing.co.uk Advertise your ‘let’ until ‘let’ on Rightmove and Zoopla for <a
href=”http://www.landlordreferencing.co.uk/rybeconline/”>£25+vat

Or rather they will be stuck in their now negative equity HTB property for decades and praying that IR don’t increase to an unaffordable amount!…………………………………as then they will be on that Social housing list along with the other millions!!!!!……………………………………………A lot of whom will be our wonderful value for money immigrants!!

 

03/01/2014
9:52 am
@LandlordXX
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Lloyds Bank Help to Buy range launches today – Share your views on #HelpToBuy : http://ow.ly/scPdu #btldebate2014

bankrupt state-owned bank uses taxpayer guarantee to inflate wealth of landowners luvvit luvvit

 

via twitter

28/03/2014
4:32 pm
lividlandlord
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Help to Buy putting house builders off Build to Rent

 

The success of Help to Buy seems to be pretty varied…Confused

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