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New Buy To Become Old Buy?


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#1 8 year itch

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Posted 05 March 2013 - 08:33 AM

Seen a tweet this morning saying that New Buy will be extended to the established housing market. Gives a FT link I can't access. Anyone seen any more about this?

There is no ladder.

JY


No need to sell up, the next phase of the economics cycle is going to be very positive for anyone that owns property.

All I'm sayings is, don't listen to the property bears people, they are wrong.


#2 Silent Dancer

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Posted 05 March 2013 - 09:18 AM

Quick the bubble is deflating lets try and fill it with more hot air.

Coalition plans push to revive housing

David Cameron and Nick Clegg are drawing up schemes to revive the flatlining housebuilding industry and help people get on the housing ladder.

The prime minister and his deputy are to make a joint appearance on the eve of the Budget on March 20 to make several announcements, including shared equity schemes, social housing and support for first-time buyers.

But the event may be treated with some scepticism given that such announcements on housebuilding have become regular feature of the coalition while the industry has continued to stagnate.

... Ministers have also discussed the radical option of extending the NewBuy scheme, which allows people to buy a home with a deposit of just 5 per cent, from new developments to older homes.

...They have also been urged by the industry to extend the life of the two schemes, NewBuy, which is for new developments, and FirstBuy, targeted only at first-time-buyers. There could also be more money for FirstBuy. The most radical idea is to extend the bigger NewBuy scheme from new developments to existing homes. But officials have warned that this could expose the government to enormous liabilities should the housing market enter a new downturn.

http://www.ft.com/cm...l#axzz2MeeI1Mij



#3 Bloo Loo

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Posted 05 March 2013 - 09:24 AM

nothing new here..

some schemes under nulab also financed used housebuyers too.

Its all about loans....you'd think, being in close touch with the bankers, they'd (government) actually ask them (banks) why..
WARNING

Your
country is at risk
if you
do not keep up repayments
on a gilt or other loan secured on it





#4 Georgia O'Keeffe

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Posted 05 March 2013 - 09:31 AM

nothing new here..

some schemes under nulab also financed used housebuyers too.

Its all about loans....you'd think, being in close touch with the bankers, they'd (government) actually ask them (banks) why..

no this is very different its dave,george and Vinces economic rebalancing, dont you see

#5 long time lurking

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Posted 05 March 2013 - 09:34 AM

100k house %5 down = 5k down 2 years SMI and another 1-2 forbearance from repossession 3 -4 years rent for 5k




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