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Governments 1/2 A House Scheme - Email Your Views


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Dear all

I recently emailed the Office of the Deputy Prime Minister to express my disgust at the government's 'half a house' scheme. I am all for 'affordable' housing schemes but not for schemes that encourage first time buyers to get in to horrendous amounts of debt to own half a house and pay the government rent for the other half.

Anyhows, apparently there is currently a consultation period in place until 24 June. If you feel strongly about the government's proposed scheme please email your views to:

[email protected]

If they get a lot of responses they may actually have to consider revising their scheme - it's worth a shot! Please do email or write if you feel strongly.

The following is a link to their consultation paper and I have pasted below their reply to my email

http://www.odpm.gov.uk/stellent/groups/odp...2.hcsp#P44_1708

Full details of the scheme are still being finalised and considered and your comments have been note. The following initial information may be of interest.

The Office of the Deputy Prime Minister has issued a consultation paper Homebuy - expanding the opportunity to own which provides details of proposed changes to the assistance government offers homebuyers to provide a simpler, fairer, more affordable offer on homeownership. This paper sets out three different offers for individuals, depending on whether they are purchasing an existing social (i.e. council or Housing Association) property, an existing open market home, or a new-build home built with public subsidy or on public sector land. The consultation paper can be found at:

http://www.odpm.gov.uk/stellent/groups/odp...ouse_037326.pdf

At the same time the Government has been in discussion with the Council of Mortgage Lenders and individual banks and building societies, together representing some 40% of the total mortgage market, looking at ways in which we can work with them to increase the number of people we help into home ownership - through joint public/private funding of equity loans, using a model similar to that of the ‘open market’ Homebuy scheme. Some details on what a scheme might look like are set out in the consultation paper. Negotiations have been promising and Government and lenders hope it may be possible for the first joint-equity products to be delivered from April 2006.

The consultation closes on 24 June, and Government expect to announce its decisions on key elements of the schemes by end-July / early August.

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Thanks YvonneChristina for bringing this up again. The document itself is well worth a read just to see what's behind the media spin. :D Some interesting and entertaining surprises.

But does anyone have a link to the supplementary document which should be out by now, according to Section 8 (Next Steps) of the consultation document?

We intend to publish a supplementary document setting out key data underpinning our proposals. We will ensure it is issued at least four weeks before the consultation period ends to enable consultees to take account of the data in this supplementary document in forming their responses. It will be available on our website.

Source: HomeBuy – expanding the opportunity to own (Crown copyright)

I can't find this link and I assume it means more than Gordon Brown's press release.

I emailed the ODPM (politely) 2 days ago to ask, and haven't had a reply.

The original document really doesn't make sense without "key data", to put it extremely mildly.

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Whats the point!

I e-mailed about the ID card scheme, for that consultation period....it was quite clear that the majority were against them....did they listen? did they ever!

Since when has this government EVER listened to what the people tell it? And don't believe Tony's smarmy winning speech about being humbled into listening more..rubbish, he's a leapord who's unable to change his spots....he is so far down the dark path that he is more machine now than man, twisted and evil!

I really hope that there will be a leadership challenge in the summer when TB is the EU leader....kill two birds with one stone!

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Whats the point!

I e-mailed about the ID card scheme, for that consultation period....it was quite clear that the majority were against them....did they listen? did they ever!

Since when has this government EVER listened to what the people tell it?  And don't believe Tony's smarmy winning speech about being humbled into listening more..rubbish, he's a leapord who's unable to change his spots....he is so far down the dark path that he is more machine now than man, twisted and evil!

I really hope that there will be a leadership challenge in the summer when TB is the EU leader....kill two birds with one stone!

I quite agree with you TB but am still finding the exercise worthwhile - where in the media has it been reported that the scheme's based on a 2000-2001 survey saying simply that 9 out of 10 households want to own a home; that there's virtually no indication as to which FTBs will qualify; that the regulatory impact assessment is a complete joke; that the list of consultees is totally unrepresentative; and that "key data" wasn't available until two-thirds of the way through the consultation period if not beyond, which makes a mockery of the whole process IMHO (I'm still waiting for a URL!). I won't just be sending my comments to the ODPM.

The consultation process requires the Government to give feedback regarding the responses received and how the consultation process influenced the policy so I will be interested to see the results.

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I raised this issue with the ODPM and my M.P. two weeks ago.  His researcher emailed me stating that the matter would be looked into.

I have just had a reply from the ODPM with the links to the supplementary document. Apparently it only came out yesterday, 6th June.

Here are the links:

http://www.odpm.gov.uk/stellent/groups/odp...use_038088.hcsp

There is also a press release which came with it:

http://www.odpm.gov.uk/pns/displaypn.cgi?pn_id=2005_0107

Haven't read it yet but I did reply to ask whether the consultation deadline was going to be extended (it's only just over 2 weeks away) in view of the fact that the supplementary doc was not issued over 4 weeks before the response deadline as promised and that even the 4 week promise was arbitrary for something described as "key", i.e. essential, data for the purposes of the consultation.

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I don't have the time to read it but could any that have answer a question.

Could the scheme be used as an alternative to property repossesion, could part of a property be taken in part ownership against mortgage arrears for example.

I am suspicious of thier true motivation on this. Could a minor alteration be made so as to allow a prop in the event of a property collapse.

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I don't have the time to read it but could any that have answer a question.

Could the scheme be used as an alternative to property repossesion, could part of a property be taken in part ownership against mortgage arrears for example.

I am suspicious of thier true motivation on this.  Could a minor alteration be made so as to allow a prop in the event of a property collapse.

I dont think the government could prop up a property collapse in this way, its just far to expensive, your talking billions of taxpayers money. I suppose they could always raise taxes :lol:

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I don't think it's equity crash they are thinking of, its keeping the number of repossesions and evictions at a politically acceptable level in the case of desaster.

So your saying the government should bail out everybody who cant keep up the repayments on their motgages. If its heading the way we all think its heading, that is just financial suicide for the government. I see where your coming from though.

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The document barely considers the possibility of a falling housing market, or any other cause of mass repossessions, at all: both it and the supplementary document are largely based on very out-of-date surveys and assumptions about the market and the economy in general, which is one of its main weaknesses.

But the main document does say that some buyers in the scheme *could* be offered the option to "staircase down" (i.e. reduce their equity) in cases of financial difficulty though it leaves that question open. It stresses that this would be an option, not a right, and that it would be at the discretion of the holder of the remaining equity share (not necessarily the Government) and of the mortgage lender.

A buyer would have to be in one of the schemes (e.g. a social tenant, or a key worker) for this to be true, not a normal buyer in financial difficulty and facing repossession.

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I'm not saying they should do it, I think they may consider it. It won't work IMO, should the worst scenario happen; and it's not goverment money, it's ours.

Would the proposals allow it through the back door, that's what I'm asking?.

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My e mail reads....

why should i as a taxpayer finance the inflated house price market? economic forces should determine the level of prices not injections of taxpayers money to support the ridiculous boom and bust prices that your governemnt has fuelled.

First time buyers cannot afford to buy because you have failed to tax greedy individuals who have supported stupid prices with get rich schemes. Tax second home income (rent)allow FTBs to buy at market force rates and reduce ordinary socialists tax burdens (as a labour government should). DO NOT TAX ME MORE TO FUND THIS BLATaNT ECONOMIC STUPIDITY!!!!!

They wont listen but it makes me feel better

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