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Jimmyjammy001

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  1. They've decided to take on a risk where many others who would of been in the same position as them and would have not put them selves in that much risk, if it fails for them, then unlucky, other people shouldn't have to suffer as a result of their risk taking
  2. To be honest it would make sense for the seller to pay for the stamp duty if it completes after the deadline, as it is very unlikely they will be able to sell for the price they have just sold it for pre stamp duty holiday and all the hassle to go through once again, its not as if they will be making a loss, what's a few grand out of the 100+ they would of made from the substantial increase over the years.
  3. Not sure we're get one if this goes ahead https://www-telegraph-co-uk.cdn.ampproject.org/v/s/www.telegraph.co.uk/property/buy/government-must-extend-stamp-duty-holiday-watch-property-sales/amp/?amp_js_v=a6&amp_gsa=1&usqp=mq331AQFKAGwASA%3D#aoh=16030618233329&referrer=https%3A%2F%2Fwww.google.com&amp_tf=From %1%24s&ampshare=https%3A%2F%2Fwww.telegraph.co.uk%2Fproperty%2Fbuy%2Fgovernment-must-extend-stamp-duty-holiday-watch-property-sales%2F
  4. The banks know this which is why during adverts of popular TV programmes they advertise their family springboard mortgages as they know the family will be together watching TV, where parents can put the deposit down and take the risk and try and guilt trip young people by saying your to old to be living at home, you need your own space, sign your life away with one of our mortgages, but it is at the expense of Mum and and Dad. They are getting quite desperate to get FTBs to sign upto their 35+ year mortgages with mummy and daddy deposits and help to buy as well, crazy money needed!
  5. The only people I know who are now jobless as a result of covid are those on minimum wage or just above who would of not been able to get a mortgage anyways, don't know of any one on a reasonable income being made redundant. They will still be able to buy, unless there is some sort of financial crisis like last time which will prevent them from buying and prices will have to come down naturally, but government will intervene as allways unfortunately.
  6. Great! So help to buy version 2 for non new houses. They just need to stop with all these housing props and let the market decide what a house is worth, people don't need lower deposit schemes, they need reasonable priced homes like other generations have been able to buy at, not 35 year mortgages, help to buy, bank of mummy and daddy's savings and all the other cons going on to inflate prices even more. I would encourage anyone to buy before this goes live, this will be a bubble on steroids. A 2 bed starter home in my area has increased 55% in the past 5 years, why should someone now pay 55% more than someone 5 years ago, it's just crazy.
  7. Looks like the current version of help to buy is going to be extended to protect those precious house prices https://www.theguardian.com/uk-news/2020/jul/28/help-to-buy-scheme-may-extend-til-year-end
  8. Unfortunately it will, second steppers will have more money to compete with each other now and house prices will just increase until the other one backs down, why can't they just leave the market alone is beyond me, if people have over leveraged them selves as a result of buying a house then let the market decide what it is worth through a forced sale
  9. Another prop up to keep prices at all time highs, will the government ever stop interfering and just let the market decide the value of an asset? https://www.dailymail.co.uk/news/article-8492301/Chancellor-Rishi-Sunak-AXE-stamp-duty-six-months.html
  10. Intu Properties is pritty much certain to go into Administration today, will be interesting to see the devestation it causes to the retail sector, they have been in billions of debt for years, the time has now come. https://news.sky.com/story/coronavirus-shopping-centre-giant-intu-nears-collapse-12014959
  11. Don't worry your 10% deposit will soon turn into a 20% deposit when the mortgage holiday and furlough schemes end and unemployment rises, there is only one way for house prices to go.
  12. Nationwide have just tripped their minimum deposit to 15% now, they have obviously done their own research and know what is coming, first time buyer Houses should hopefully drop a bit now along with second stepper homes. https://www.theguardian.com/business/2020/jun/17/nationwide-triples-minimum-deposit-for-uk-first-time-buyers
  13. Seeing a few relisted with "unexpectedly back on the market due to chain collapsing" in my area, still at the same price, one of which has over doubled since previous owner brought it in 2013, really wish rightmove would allow comments.
  14. Imagine how much prices would fall if they did not extend it, the builders might have to actually sell them at fair value. Hopefully people will not take up help to buy and realise how much of a debt scam it really is.
  15. Seems Estate Agents are moaning that house prices are likely to come down and are looking at the government to artificially inflate them some more, maybe help to buy edition 2? Can't lower interest rates any more, how about stop interfering and just letting the housing market sort its self out naturally and make it fair for everyone! https://www.bloomberg.com/news/articles/2020-04-08/u-k-may-need-government-to-step-in-as-housing-market-flatlines
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