Discussion
Shaw Tarse said:
Any predictions, some relief on fuel?
Where will he make up the lost revenue from that?
With the increase in oil prices, you'd think that anything above £1 is a bonus to the government coffers. Or can the government accurately predict the price of oil in the next 6 months and thus have budgeted to the penny the exact increase and thus the taxation income; and if so, why are they not trading oil and making lots of money for the country, thus being able to reduce petrol prices to 60p from very accurate predictions? Hm? Where will he make up the lost revenue from that?
TonyHetherington said:
Indeed, but - they have to do something. It's stupid difficult for first time buyers out there at the moment, which isn't helped by well endowed middle-classers wanting to buy a bit of property on the side with the silly amount of money left in their houses. However, I'm not sure £20,000 over five years (£330/month) on top of a mortage is a good idea.
But hey, they're going to freeze the hike on petrol. that's ok, £1.35 is more than acceptable. f
kers.
Spot on that man. Well said. But hey, they're going to freeze the hike on petrol. that's ok, £1.35 is more than acceptable. f
kers.Opulent said:
TonyHetherington said:
Indeed, but - they have to do something. It's stupid difficult for first time buyers out there at the moment, which isn't helped by well endowed middle-classers wanting to buy a bit of property on the side with the silly amount of money left in their houses. However, I'm not sure £20,000 over five years (£330/month) on top of a mortage is a good idea.
But hey, they're going to freeze the hike on petrol. that's ok, £1.35 is more than acceptable. fkers.
Spot on that man. Well said. But hey, they're going to freeze the hike on petrol. that's ok, £1.35 is more than acceptable. f
kers.k me, my mortgage for £280k is only £900, really is going to fk them up...
Opulent said:
TonyHetherington said:
Indeed, but - they have to do something. It's stupid difficult for first time buyers out there at the moment, which isn't helped by well endowed middle-classers wanting to buy a bit of property on the side with the silly amount of money left in their houses. However, I'm not sure £20,000 over five years (£330/month) on top of a mortage is a good idea.
But hey, they're going to freeze the hike on petrol. that's ok, £1.35 is more than acceptable. fkers.
Spot on that man. Well said. But hey, they're going to freeze the hike on petrol. that's ok, £1.35 is more than acceptable. f
kers.NoelWatson said:
Opulent said:
TonyHetherington said:
Indeed, but - they have to do something. It's stupid difficult for first time buyers out there at the moment, which isn't helped by well endowed middle-classers wanting to buy a bit of property on the side with the silly amount of money left in their houses. However, I'm not sure £20,000 over five years (£330/month) on top of a mortage is a good idea.
But hey, they're going to freeze the hike on petrol. that's ok, £1.35 is more than acceptable. fkers.
Spot on that man. Well said. But hey, they're going to freeze the hike on petrol. that's ok, £1.35 is more than acceptable. f
kers.Du1point8 said:
So let me get this right...
If you have a joint income of less than £60k
The Government will give you a loan of 20% of the value of the property at 0% interest for 5 years as long as you find 5% of the value of the property in savings.
This has to be spent on a new build.
Then you need to get a bank involved, so now there is 2 lenders on 1 property... never a good idea!!
Then when they "forget" to pay and default the banks get blamed again and not only that but now there are thousands of new homes around unoccupied and millions of £ of taxpayers money that has been lost.
It also hit the sellers of old first time buyer flats that want to move on as the buyers are not allowed to buy these.
fk me... was this implemented by the last government before the Irish ststorm?
Can they not see just how bad this could end up?
Agreed, utter populist sIf you have a joint income of less than £60k
The Government will give you a loan of 20% of the value of the property at 0% interest for 5 years as long as you find 5% of the value of the property in savings.
This has to be spent on a new build.
Then you need to get a bank involved, so now there is 2 lenders on 1 property... never a good idea!!
Then when they "forget" to pay and default the banks get blamed again and not only that but now there are thousands of new homes around unoccupied and millions of £ of taxpayers money that has been lost.
It also hit the sellers of old first time buyer flats that want to move on as the buyers are not allowed to buy these.
f
k me... was this implemented by the last government before the Irish ststorm?Can they not see just how bad this could end up?
t. Morally hazardous, uneconomic, communist, discriminatory etcSo 20k from the tax man reducing disposable income by 40k before tax. Banks only have to fund 75% of OMV assuming HMG take second charge or 95% OMV if they take first.
We all know that bricks and mortar only ever increases in value so it will be simple to remortgage at the end of five years to clear the debt that you haven't been able to afford so far. Alternatively just accept a penal tax code to allow the Gov to recover their cash.
Blinding plan, can't see what could go wrong with that.
We all know that bricks and mortar only ever increases in value so it will be simple to remortgage at the end of five years to clear the debt that you haven't been able to afford so far. Alternatively just accept a penal tax code to allow the Gov to recover their cash.
Blinding plan, can't see what could go wrong with that.
Re Petrol prices: The only thing that will happen is they they will suspend the planned April rise on fuel and then crow about it as if they've done us all a huge favour. s.
The last shower of st drove this country into this position and seem to have got away with it, now this bunch of incompetant fools are doing a fantastic job of stealing most of our cash.
I filled my car up in mid-november for 113.9p a litre, its now between 131.9p and 135.9p a litre here, thats a rise of 99.8p a gallon in four months FFS, its totally unacceptable . Obviousley some of this is due to sterling being worth fk all, Brown and Bliar should be behind bars for what they've done. Not poncing about on comic relief.
I very much doubt how george will explain how we're 'all in it together' and have to cut services left right and cenre, BUT somhow still seem to have the cash to get involved in this crap in Libya. Maybe use some of that cash to ease the burden. Full of it, all of them.
Of course, I could be proved totally wrong in a few hours but i doubt it.
s.The last shower of s
t drove this country into this position and seem to have got away with it, now this bunch of incompetant fools are doing a fantastic job of stealing most of our cash. I filled my car up in mid-november for 113.9p a litre, its now between 131.9p and 135.9p a litre here, thats a rise of 99.8p a gallon in four months FFS, its totally unacceptable . Obviousley some of this is due to sterling being worth f
k all, Brown and Bliar should be behind bars for what they've done. Not poncing about on comic relief.I very much doubt how george will explain how we're 'all in it together' and have to cut services left right and cenre, BUT somhow still seem to have the cash to get involved in this crap in Libya. Maybe use some of that cash to ease the burden. Full of it, all of them.
Of course, I could be proved totally wrong in a few hours but i doubt it.
anonymous said:
[redacted]
I disagree. You dind't need to save hard even just 5-10yrs ago. You could get away with a 100% mortage or just a 5-10k deposit. Fairly easily done for most people. Now you're looking at 20k which is far from easily done, especially at the first time buyer end of the salary range.TonyHetherington said:
I disagree. You dind't need to save hard even just 5-10yrs ago. You could get away with a 100% mortage or just a 5-10k deposit. Fairly easily done for most people. Now you're looking at 20k which is far from easily done, especially at the first time buyer end of the salary range.
I agree to a limited extent, but looking further back than 10 yrs ago, you did need a deposit, although house prices vs. earnings ratios were lower.These days, I see 'kids' driving lots newer motors than I ever remember. Priorities and all that....
neilr said:
Re Petrol prices: The only thing that will happen is they they will suspend the planned April rise on fuel and then crow about it as if they've done us all a huge favour. s.
The last shower of st drove this country into this position and seem to have got away with it, now this bunch of incompetant fools are doing a fantastic job of stealing most of our cash.
I filled my car up in mid-november for 113.9p a litre, its now between 131.9p and 135.9p a litre here, thats a rise of 99.8p a gallon in four months FFS, its totally unacceptable . Obviousley some of this is due to sterling being worth fk all, Brown and Bliar should be behind bars for what they've done. Not poncing about on comic relief.
I very much doubt how george will explain how we're 'all in it together' and have to cut services left right and cenre, BUT somhow still seem to have the cash to get involved in this crap in Libya. Maybe use some of that cash to ease the burden. Full of it, all of them.
Of course, I could be proved totally wrong in a few hours but i doubt it.
s.The last shower of s
t drove this country into this position and seem to have got away with it, now this bunch of incompetant fools are doing a fantastic job of stealing most of our cash. I filled my car up in mid-november for 113.9p a litre, its now between 131.9p and 135.9p a litre here, thats a rise of 99.8p a gallon in four months FFS, its totally unacceptable . Obviousley some of this is due to sterling being worth f
k all, Brown and Bliar should be behind bars for what they've done. Not poncing about on comic relief.I very much doubt how george will explain how we're 'all in it together' and have to cut services left right and cenre, BUT somhow still seem to have the cash to get involved in this crap in Libya. Maybe use some of that cash to ease the burden. Full of it, all of them.
Of course, I could be proved totally wrong in a few hours but i doubt it.
TonyHetherington said:
Digga said:
These days, I see 'kids' driving lots newer motors than I ever remember. Priorities and all that....
Guess which hole I fell into. My brother's setup and in a lovely house. I'm renting but bugger me I've had an awesome 10yrs 
Du1point8 said:
but £60k join income is £200k morgage so that is £40k (20%) over 5 years or £666 per month... fk me, my mortgage for £280k is only £900, really is going to fk them up...
And how will they stop this being abused?k me, my mortgage for £280k is only £900, really is going to fk them up...How will they stop people with a bit of money thinking "Hmmm, interest free loan for five years? yes please" and buying up property in their kids names, etc?
The 'average famly car' that I own swallowed £80.50 at the pumps last night. When I bought it, £55 would have filled it on empty. I've only had it 4 years FFS!!!
I've just put in a bunch of leave requests to get me down to a 4 day week for the next few months. Saves me fat side of £100 a month doing this.
Now thats desperate measures but its more than George will ever give me!
I've just put in a bunch of leave requests to get me down to a 4 day week for the next few months. Saves me fat side of £100 a month doing this.
Now thats desperate measures but its more than George will ever give me!
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