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HXO

Support For Mortgage Interest

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I resent indefinitely (for anyone who began claiming prior to 01/2009, there is a two year limit for those who applied post 01/2009) paying, as a taxpayer, these mortgages when I myself have been rendered unable to purchase a home for my family by the profligate spending of many of these claimants.

I've had a look but cannot find how many claimants there are, is this information available?

If this pi$$es you off then don't follow this LINK as it will have you pi$$ing blood in anger and frustration; chack out the disabled web designer who is complaining that "they" won't pay the £96,000 - she remortgaged to pay off debt - "only" the original £48,000 mortgage. I despair. :blink:

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You are making the assumption that the people who make the laws and enforce the policies are not corrupt and genuinely want a fair and uncorrupt system and a level playing field.

That is patently false. You only have to look at the MP's expenses scandal and public workers deliberate doing overtime to see that the system is false. Many of those MPs have several houses. Why would they want property values to drop?

Once you've paid them they are not YOUR taxes. The answer therefore is to avoid paying as much as possible.

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Problem is that the government is actually PROUD of the fact it subsidises the housing market like this. They boast about how many people are getting their mortgage payments met by the taxpayer. Wait and see what happens when unemployment hits 3 million and cuts in expenditure become unavoidable. I expect we will see some limits set on this waste of public money and a rise in repossession. The current 200k limit far exceeds the price of an average house, and as this average is falling I would expect the subsidy to fall.

Edited by ingermany

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Problem is that the government is actually PROUD of the fact it subsidises the housing market like this. They boast about how many people are getting their mortgage payments met by the taxpayer. Wait and see what happens when unemployment hits 3 million and cuts in expenditure become unavoidable. I expect we will see some limits set on this waste of public money and a rise in repossession. The current 200k limit far exceeds the price of an average house, and as this average is falling I would expect the subsidy to fall.

If you are going to susidise mortgages, I don't see any logic in why it should be limited to the value of an average house. After all there is no cap on paying taxes.

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Problem is that the government is actually PROUD of the fact it subsidises the housing market like this. They boast about how many people are getting their mortgage payments met by the taxpayer. Wait and see what happens when unemployment hits 3 million and cuts in expenditure become unavoidable. I expect we will see some limits set on this waste of public money and a rise in repossession. The current 200k limit far exceeds the price of an average house, and as this average is falling I would expect the subsidy to fall.

wonder what will happen in November when the current 'going' rate of 6.08 % interest covered is due for renewal. ;)

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If you are going to susidise mortgages, I don't see any logic in why it should be limited to the value of an average house. After all there is no cap on paying taxes.

I guess not; I would be perfectly happy if someone like say...ah...Grant Bovey successfully claimed SFMI.

Spolling edit

Edited by HXO

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You've chosen the wrong target. It is the government/HMRC/public "servants" who will force you to pay for this by menace and threat of imprisonment. The people who post on MSE threads and those on the receiving end of this benefit are just behaving rationally and are not doing you any harm.

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