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Nabby81

50k Gov loan to live in ...Bedford

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http://www.bbc.com/news/uk-england-38330552

Quote

 

The highest number of loans taken per head of population was in Bedford, where the 1,268 loans was equivalent to two in every 100 households.

Between them, the loans came to £62.9 million, or £49,416.68 each.

 

So people put down a deposit and then still lend 50k to live in bloody Bedford !!!

FYI some new builds there from 2008 are only selling for the same or less than they were brought for then so good luck with the equity increase 

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44 minutes ago, Nabby81 said:

http://www.bbc.com/news/uk-england-38330552

So people put down a deposit and then still lend 50k to live in bloody Bedford !!!

FYI some new builds there from 2008 are only selling for the same or less than they were brought for then so good luck with the equity increase 

I read the title as Bradford, so not as bad as it could be 

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1 hour ago, Nabby81 said:

http://www.bbc.com/news/uk-england-38330552

So people put down a deposit and then still lend 50k to live in bloody Bedford !!!

FYI some new builds there from 2008 are only selling for the same or less than they were brought for then so good luck with the equity increase 

I see the government are naming and shaming the low wage payers...meanwhile, they force up prices to make everything unaffordable!!!

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No BTLers, as long as these rules were enforced: 

Who is eligible?

Equity loans are available to first time buyers as well as homeowners looking to move. The home you want to buy must be newly built with a price tag of up to £600,000.

You won’t be able to sublet this home or enter a part exchange deal on your old home. You must not own any other property at the time you buy your new home with a Help to Buy: Equity Loan.

- See more at: https://www.helptobuy.gov.uk/equity-loan/eligibility/#sthash.DyneMuzu.dpuf

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3 hours ago, GreenDevil said:

What a frickin joke of a policy.

7 months after the May government came to power, HTB is still in place.

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3 hours ago, Patient London FTB said:

No BTLers, as long as these rules were enforced: 

Who is eligible?

Equity loans ....You must not own any other property at the time you buy your new home with a Help to Buy: Equity Loan.

- See more at: https://www.helptobuy.gov.uk/equity-loan/eligibility/#sthash.DyneMuzu.dpuf

No...but your wife can....

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