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Tenubracon

Guardian Trumpets 'help For First Time Buyers'

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Yes, the MSM are at it again. Come on, first-time-buyers, what are you waiting for? Affordability has never been so good! What's that you say? Prices are going to fall? Interest rates are going up? Nonsense, it's different this time ...

http://www.guardian.co.uk/money/2011/jan/05/first-time-buyers-offered-help-housing-market

Liked this comment by Mike TR: "First time buyers are finding it difficult because house prices are too high. High lending levels which enabled people to buy at these prices caused the credit crunch, meaning the banks had to be bailed out. This in part has led to a huge deficit, meaning we now face cuts, which most Guardian commentators are objecting to. So why are earth are you still running these silly advertorials????"

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Good quoted comment.

It's an OUTRAGE that the media still support high house prices after EVERYTHING that has happened. Just reading simple comments like that really puts it into perspective.

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Apart from HSBC none of those mentioned will do a basic quote in principal for FTB online no matter the income or deposit.

Playing with HSBCs website the limit for FTB is 100K, even with John Smith on 100K pa and 80% deposit on the average 160K house.

I think they are skimming the FTB pool for any bank of Mum & Dad borrowers who can act as a capital buffer for them.

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Yes, the MSM are at it again. Come on, first-time-buyers, what are you waiting for? Affordability has never been so good! What's that you say? Prices are going to fall? Interest rates are going up? Nonsense, it's different this time ...

In fairness to the Guardian, the journo expresses a fair dose of cynicism - it's the quotes from the VIs that are all rose-tinted.

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  • 312 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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