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Hey,

Thought it would be good to start a thread specifically aimed at FTBs (although everyone can contribute!) to discuss the latest mortgages and schemes out there and to keep each other in the loop of the benefits and disadvantages of some of these mortgages and schemes.

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So I will start...

With regards to the new Nationwide 125% mortgage for people specifically in negative equity. Do you think we will see a return of at least 95-100% mortgages for FTBs any time soon? Does anyone else think FTBs are for some reason being intentionally penalised whilst many potential FTBs were the sensible ones keeping out of the overinflated market for so long?

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They should say it like it is by replacing the word 'Scheme' with 'Scam'.

None of these schemes were put in place to help FTB’s in the first place, they were thought up to continue the lie and help the greedy, deluded VI’s.

Let’s get that straight.

The only scheme they had to come up with was to sensibly set interest rates which was well within they’re powers or influence.

Edited by Hawk

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Does anyone else think FTBs are for some reason being intentionally penalised whilst many potential FTBs were the sensible ones keeping out of the overinflated market for so long?

If you're a ftb, and have been refused a mortgage, you have been saved. You will be counting your lucky stars that you weren;t able to "get your foot on the ladder"... what appears to be a ladder to you, is actually the head of a very long snake.

Buyer beware, indeed. 50% falls from where we are now is where we are heading.

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