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Would This Work As A Better Solution ?

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rather than hand out 200 billion to RBS, wouldnt it be a better idea if gordon brown used the money to create a state bank for

FIRST TIME BUYERS ONLY.

offering genuine first time buyers a 25yr interest free mortgage based on a 10% deposit ?

no 2nd homes etc, and a possible further move to ban buy to let mortgages.

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rather than hand out 200 billion to RBS, wouldnt it be a better idea if gordon brown used the money to create a state bank for

FIRST TIME BUYERS ONLY.

offering genuine first time buyers a 25yr interest free mortgage based on a 10% deposit ?

no 2nd homes etc, and a possible further move to ban buy to let mortgages.

Yes but who do FTBs buy from if existing property owners can't move for lack of a mortgage?

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rather than hand out 200 billion to RBS, wouldnt it be a better idea if gordon brown used the money to create a state bank for

FIRST TIME BUYERS ONLY.

offering genuine first time buyers a 25yr interest free mortgage based on a 10% deposit ?

no 2nd homes etc, and a possible further move to ban buy to let mortgages.

And where is the 10% of 200K going to come from?

tim

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And where is the 10% of 200K going to come from?

tim

You can save that in a year according to that silly tw@t digby something..............or something Digby

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rather than hand out 200 billion to RBS, wouldnt it be a better idea if gordon brown used the money to create a state bank for

FIRST TIME BUYERS ONLY.

offering genuine first time buyers a 25yr interest free mortgage based on a 10% deposit ?

no 2nd homes etc, and a possible further move to ban buy to let mortgages.

Interest Free, lots of FTBers buy houses and rent out rooms? The use the extra income to get into BTL with other banks?

Honestly it would better if Gordon just gave every tax payer 100k..... (£3 Trillion), or 15k (£500 billion)

Edited by moosetea

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Yes but who do FTBs buy from if existing property owners can't move for lack of a mortgage?

they wont move or sell.

they will have to bear negative equity or chose to take it with them.

besides. with interest free state loans ftbs can pay todays asking prices to get chains moving.

banks dont make interest - GOOD

Creating a new banking system would be better.

RBS should be allowed to go bust.

it a specific bank for first time buyers up to 4x joint salary only and with strict criteria to meet.

And where is the 10% of 200K going to come from?

tim

the ftbs deposit. no deposit - no mortgage.

You can save that in a year according to that silly tw@t digby something..............or something Digby

you can use your current deposit if you have one, if you havent at least you have a goal to save for.

this offer would exclude people who sold to rent or have more than 100k cash or assets perhaps or are paid less than 60k.

there would have to be some set rules.

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I think some sort of mass margin call is the best path to take.

It would be brutal and immediate, and wouldnt pay anything near the true figure of debts off.

However, i believe this period of global low interest rates presents a golden oppurtunity to pay down as much as possible, unlike the current view that its a golden oppurtunity to take on as much debt as possible.

Of course they could hyperinflate out, but as we need to import food, drugs etc, i dont consider this an option.

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rather than hand out 200 billion to RBS, wouldnt it be a better idea if gordon brown used the money to create a state bank for

FIRST TIME BUYERS ONLY.

offering genuine first time buyers a 25yr interest free mortgage based on a 10% deposit ?

no 2nd homes etc, and a possible further move to ban buy to let mortgages.

Yeah it'd be better, especially for me- interest would prob have to be on a par with student loans though- so you get my vote. It runs against keep the young'uns priiced out and renting from the voters philosophy of 'providing help for hardworking home owners', so it ain't happening.

But almost anything, up to and including doing nothing at all, would be better than spunking billions trying to pretend its all going to be o.k. Maybe you could make a case for simply burning the cash in trafalga square instead, to keep the pigeons warm. I like your plan much more though.

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  • 284 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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