Guest_northshore_* Posted April 14, 2015 Share Posted April 14, 2015 Why do governments think its ok to select winners and hand them 10s of thousands of pounds. Because they can. Quote Link to comment Share on other sites More sharing options...
long time lurking Posted April 14, 2015 Share Posted April 14, 2015 I guess the banks won't mind all that extra interest either... This it kills three birds with one stone ..or maybe perhaps two and a half, as to some extent i would think HB savings would be undermined by SMI Quote Link to comment Share on other sites More sharing options...
giesahoose Posted April 14, 2015 Share Posted April 14, 2015 tories being out right winged by Plaid Cymru on Daily Politics with regard to housing. Hillarious Quote Link to comment Share on other sites More sharing options...
vinocollapso Posted April 14, 2015 Share Posted April 14, 2015 It reminds me of the tony Blair rictus: the top half of his face cannot believe what the bottom half is saying, but at the same time consoling itself with 'they'll lap it up anyway' Quote Link to comment Share on other sites More sharing options...
long time lurking Posted April 14, 2015 Share Posted April 14, 2015 This is a very poorly thought out policy and I suspect it will have the opposite effect to what they are expecting. That is unless they are deliberately trying to throw the election. Would agree ,the amount of people who have been priced out of housing in the private sector whether it`s rent or purchase are now going to be spitting nails but this deluded lot must either think they have appease them with their multiple HTB scams or theres a crest of a tsunami just coming into view on the horizon and they want out Quote Link to comment Share on other sites More sharing options...
billybong Posted April 14, 2015 Share Posted April 14, 2015 From the guardian link above The proposals were also slammed by Ruth Davison, policy director at the National Housing Federation. She said: “It won’t help the millions of people in private rented homes who are desperate to buy but have no hope of doing so, nor the 3 million adult children living with their parents because they can’t afford to rent or buy. “To use their taxes to gift as much as £100,000 to someone already living in a good quality home is deeply unfair. Little wonder then that 60% of the public believe that it would be unfair for social housing tenants to get a discount to buy their home while private renters do not.” From the NHF website: "The National Housing Federation - The voice of housing associations". So some of the housing associations don't seem to like it much. Quote Link to comment Share on other sites More sharing options...
mattyboy1973 Posted April 14, 2015 Share Posted April 14, 2015 From the guardian link above From the NHF website: "The National Housing Federation - The voice of housing associations". So some of the housing associations don't seem to like it much. Quite right, it's nuts. I really, really hope this one bites them - I haven't read a single positive comment on any publication this morning. Frankly. HA tenants have already won the housing lottery, as ridiculous as that sounds - they are in a far better position than most renters, with secure long tenancies, low rents, and semi-decent landlords. Probably the least deserving of handouts of any demographic. Quote Link to comment Share on other sites More sharing options...
Agentimmo Posted April 14, 2015 Share Posted April 14, 2015 (edited) Anybody on this site - HPC - who votes Tory at the next GE should be ashamed of themselves. I'll be advising any of my extended family still in the UK and able to do it , to emigrate if this lot get in. Disgusting self-serving bunch. No thought for the nation or its future. Edited April 14, 2015 by Agentimmo Quote Link to comment Share on other sites More sharing options...
long time lurking Posted April 14, 2015 Share Posted April 14, 2015 The article gives some details on the percentages (apparently the base percentage is 35%) and some opinons on its impact. There's also some opinion poll news which some people might call bad news but it's early days yet. A week is a long time in politics. Apparently the Conservative manifesto is out today. Is the base 35% the maximum discount? Quote Link to comment Share on other sites More sharing options...
mattyboy1973 Posted April 14, 2015 Share Posted April 14, 2015 Is the base 35% the maximum discount? I think minimum, with 70% maximum - but capped at just over £100k. Quote Link to comment Share on other sites More sharing options...
bendy Posted April 14, 2015 Share Posted April 14, 2015 HS2, this and all other props are Loldon spreading it's ugly veins nationwide Quote Link to comment Share on other sites More sharing options...
long time lurking Posted April 14, 2015 Share Posted April 14, 2015 I think minimum, with 70% maximum - but capped at just over £100k. From the guardian but theres no mention of maximum The proposed discount will be worth 35% for a house after a housing association tenant has been in the house for three years with the value of the discount rising 1% for every extra year the tenant has rented in the public sector. In the case of a flat, the discount will be worth 50% after the first three years, rising by 2% each year afterwards. Quote Link to comment Share on other sites More sharing options...
bomberbrown Posted April 14, 2015 Share Posted April 14, 2015 I think minimum, with 70% maximum - but capped at just over £100k. Which implies a maximum discount applied to a £147k home in London. LOL! Quote Link to comment Share on other sites More sharing options...
bomberbrown Posted April 14, 2015 Share Posted April 14, 2015 From the guardian but theres no mention of maximum The OP Daily Mail link indicates maximum discount of £102,700 in London. Quote Link to comment Share on other sites More sharing options...
bendy Posted April 14, 2015 Share Posted April 14, 2015 From the guardian but theres no mention of maximum That's more interesting - I guess however in terms of Loldon each 1% (or 2%) more is vastly different than in the shire(s). To counter I guess the 100k limit is less likely to be breached outside of insanity land. Quote Link to comment Share on other sites More sharing options...
durhamborn Posted April 14, 2015 Share Posted April 14, 2015 This is an attack on the HAs and ALMOS.Whats happened is they increase rents every year to pay for their huge salaries,four weeks sick pay every year and fat pensions.Most is paid be housing benefit.By removing the houses from them and letting people have them cheap the idea is longer term the housing benefit bill will fall.Of course that doesnt take into account the ones sold on to BTL or even let by the buyers who then move in with partners etc. As an election bribe though its a disaster.The Tories sticking two fingers up to their own voters and probably not bringing in very many votes.Unless their private polling has shown it might swing some marginals. Quote Link to comment Share on other sites More sharing options...
mattyboy1973 Posted April 14, 2015 Share Posted April 14, 2015 Unless their private polling has shown it might swing some marginals. I can only imagine that this must be the case. Sheer bribery - they are floating figures in the £30BN range around as the total cost of this. Quote Link to comment Share on other sites More sharing options...
Bear Goggles Posted April 14, 2015 Share Posted April 14, 2015 If Mumsnet is the social barometer that I think it is, they're spunking votes down the toilet at a very rapid pace with this one. Linky? (just for the lulz) Quote Link to comment Share on other sites More sharing options...
sideysid Posted April 14, 2015 Share Posted April 14, 2015 so will this apply to shared ownership schemes through housing assosiations? And if so would it apply to the value of the property or just the % owned by the HA? Quote Link to comment Share on other sites More sharing options...
Bear Goggles Posted April 14, 2015 Share Posted April 14, 2015 (edited) Oops! Legal challenge ahoy! http://www.independent.co.uk/news/uk/politics/generalelection/housing-associations-say-theyll-sue-if-the-tories-force-them-to-sell-off-homes-under-right-to-buy-10175492.html Housing associations set to be crippled by Conservative plans to extend the right-to-buy policy will launch a legal challenge against the move, they have said. That's not the response you want a couple of weeks before an election. Edit: Because housing associations are private not-for-profit businesses, forcing the sale of homes at below market value could potentially breach Article 1, Protocol 1 of the European Convention on Human Rights, which gives everyone the “right to the peaceful enjoyment of one’s possessions”. Still, the Tories could always withdraw us from the European Convention on Human Rights. Didn't they want to do that anyway? Edited April 14, 2015 by Bear Goggles Quote Link to comment Share on other sites More sharing options...
long time lurking Posted April 14, 2015 Share Posted April 14, 2015 The OP Daily Mail link indicates maximum discount of £102,700 in London. Maximum % was what i was intrested in Quote Link to comment Share on other sites More sharing options...
billybong Posted April 14, 2015 Share Posted April 14, 2015 (edited) Apparently there already is a Right to Acquire for tenants of Housing Associations but now they've extended it and introduced the discount. Maybe they'll introduce something along those lines for private landlords' tenants. It seems to drive a coach and horses through property rights which is maybe more associated with communist principles. It's quite remarkable. https:// www.gov.uk/right-to-acquire-buying-housing-association-home/overview Edited April 14, 2015 by billybong Quote Link to comment Share on other sites More sharing options...
WageWar Posted April 14, 2015 Share Posted April 14, 2015 This is why I don't vote and never will. Quote Link to comment Share on other sites More sharing options...
RentingForever Posted April 14, 2015 Share Posted April 14, 2015 Lest we forget, Ian Duncan-Smith's original plan was to give 100% discount to HA tenants - gifting them a house for free. The rest of the Tories blocked it because they thought it would be seen as unfair by all the private tenants etc. Whereas this compromise solution is sooooo much fairer, and isn't going to really piss the non-home-owning middle classes off. Quote Link to comment Share on other sites More sharing options...
Bear Goggles Posted April 14, 2015 Share Posted April 14, 2015 Double oops! Telegraph: Extending the right to buy is economically illiterate and morally wrong Roll up! Roll up! Get your free money here! Even the Torygraph are slating this one. They question is, will enough lambs vote to be slaughtered for this to be a useful election bribe in the face of such widespread criticism. Quote Link to comment Share on other sites More sharing options...
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