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In the pre budget report BBC says that it is predicted that “There will also be more details of a plan allowing first-time buyers to purchase a three-quarter share of properties, with the government and mortgage lenders taking the rest.”

How is this different to the other shared ownership scams?

Is rent to be paid on the Gov owned 25%?

To the Gov take the hit if prices go down?

Is stamp duty paid if the 100% is above the threshold but 75% below?

Any predictions on how the above will pan out?

Etc etc.

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In the pre budget report BBC says that it is predicted that “There will also be more details of a plan allowing first-time buyers to purchase a three-quarter share of properties, with the government and mortgage lenders taking the rest.”

How is this different to the other shared ownership scams?

Is rent to be paid on the Gov owned 25%?

To the Gov take the hit if prices go down?

Is stamp duty paid if the 100% is above the threshold but 75% below?

Any predictions on how the above will pan out?

Etc etc.

I'm not sure of all the answers but I think the victim, oops sorry, buyer, will have to pay rent on the Gov owned 25%.

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If government want to take care of it’s young people than all it has too do is remove all the stupid planning restrictions that can only be undone by knowing the right people and passing them large brown envelopes whist no one is looking.

On top of this they also make builders build social houses that they sell to the councils for a nominal amount, this cost is past onto buyers and is a tax by any other name.

Don’t even get me started on MIRAS which in other forms are still available in most parts of Europe !

Still keep paying your inflated poll taxes and see if government will look after your in old age.

Edited by Justice

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If he losens planning law, if he releases more land and a house gets built on it he cannot take it back, it cannot be undone (well it would be very difficult), if brown himself thinks we are in a speculative bubble then he will be reluctant to do anything of any use.

If it was me i would do exactly what he's doing, make it look like you're trying to help ftb'rs while not really doing anything that could end the bubble sooner. Its one thing for him to preside over a assest bubble and make alot of people rich, it is another thing to be seen as the one who directly popped the bubble and made alot of people very poor.

If he does anything too major then he will be blamed when it all goes to the wall hence all the smoke and mirror shared ownership have blair and brown drinking tea with a 20 something, boll*cks. Like i said though i would probably do the same myself just to try and bail myself out of the sh*t

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  • 302 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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