FTB 20% off new build's - am I missing something?
Discussion
I'm sure we've all read the news:
http://www.bbc.co.uk/news/uk-politics-31683974
SO if I'm reading this right, if I hadn't bought a (pre-owned) house in Nov 2013 I could now bag a £250,000 new build for £200,000, wait 5 years (whilst renting a bedroom or 2 to pay the mortgage) and then sell netting the £50,000 initial discount plus any capital gains to boot?!!!
Surely there must be a catch?! If there isn't I'm pretty p$ssed that I missed this one!!
I have apprx £30,000-£40,000 equity in my house - I'm even considering selling and paying off the mortgage and applying for one of these cut price homes as an investment!!
Someone tell me the whole scheme won't work, people who buy into this will somehow come unstuck and I should thank my Chickens I've got a house I like using the old skool method of saving myself for a deposit and having a decent enough salary to get a mortgage?!
http://www.bbc.co.uk/news/uk-politics-31683974
SO if I'm reading this right, if I hadn't bought a (pre-owned) house in Nov 2013 I could now bag a £250,000 new build for £200,000, wait 5 years (whilst renting a bedroom or 2 to pay the mortgage) and then sell netting the £50,000 initial discount plus any capital gains to boot?!!!
Surely there must be a catch?! If there isn't I'm pretty p$ssed that I missed this one!!
I have apprx £30,000-£40,000 equity in my house - I'm even considering selling and paying off the mortgage and applying for one of these cut price homes as an investment!!
Someone tell me the whole scheme won't work, people who buy into this will somehow come unstuck and I should thank my Chickens I've got a house I like using the old skool method of saving myself for a deposit and having a decent enough salary to get a mortgage?!
Gassing Station | Homes, Gardens and DIY | Top of Page | What's New | My Stuff