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Showing posts with the label Mortgages

Buying or renting a home will soon not be options.

http://www.independent.co.uk/news/uk/home-news/housing-double-whammy-a-whole-generation-wont-be-able-to-buy-or-rent-a-home-8994229.html A whole generation ‘won’t be able to buy or rent a home’ a growing number of people cannot afford to buy or rent This crisis was predicted as long ago as the late 1970's. Successive governments have done nothing since then and they will do nothing now. Until such times as the people of this country realise how they are being duped with such meaningless phrases as "right to buy", "affordable housing", "help to purchase" and all the other rhetoric pouring out of governments and successive housing ministers, nothing will happen to redress the problem. Today, houses and flats stand empty and boarded in the expectation that that the owners (in many cases local authorities) may profit from the sale of the land at some indeterminate time in the future.. Large amounts of land owned by local authorities...

Help to Buy is not the answer to the housing crisis.

http://www.huffingtonpost.co.uk/2013/10/08/help-to-buy_n_4062479.html   George Osborne's Help To Buy Scheme Could Threaten UK Financial Stability George Osborne   The “help to buy scheme”, get a “foot on the ladder”, “only” 5% deposit needed, building “low cost” homes to meet the housing crisis, etc etc the array of cliché ridden headlines and news programme interviews are almost endless. All the rhetoric and spin aimed at one objective. That is, to convince a sceptical public that this government, the same as previous governments, is tackling the housing crisis in this country by encouraging demand for homes and thereby stimulating the building industry. The reality is of course, rather different. There is no doubt that there is a housing crisis of significant proportions in the UK today. Various measures have been proposed over recent months, all of which seek to address some element of the problem. Iain Duncan-Smith, the Work and Pensions secret...