Jump to content
House Price Crash Forum
rantnrave

More Props for the Scots

Recommended Posts

Sturgeon announces new £150m helping hand for first-time buyers

https://www.propertyindustryeye.com/sturgeon-announces-new-150m-helping-hand-for-first-time-buyers/

A £150m pilot scheme is to be launched by the Scottish government, where first-time buyers who can fund at least 5% of the purchase price can borrow up to £25,000 to top up their deposit.

The loan will be secured on the equity of the property. It can be repaid in full at any time and must be repaid when the home is sold.

There will be no monthly payments, and no restrictions on the property type or its value.

The scheme, which will launch later this year and run until the end of the current parliament in 2021, will be open to couples even where one of the partners has previously been a home owner.

First Minister Nicola Sturgeon announced the scheme at the SNP conference in Edinburgh.

She also announced a consultation to enable local authorities to tackle excess short-term lets, such as Airbnb in Edinburgh.

Sturgeon said: “For many people, short-term lets have enabled cheaper, more flexible travel.

“It’s one of the reasons Scotland’s tourism industry is booming.

But for others – particularly in tourist hot spots – it is making it harder to find homes to live in.

“We are asking for views on a new system of regulation to make short-term lets subject to the same controls as other accommodation. And give councils the power to control the number of lets and ensure they make a contribution to the services they use.”

Share this post


Link to post
Share on other sites

First charge or second charge?

Makes quite a difference and guessing the politicians making the decision don't even understand that.

Share this post


Link to post
Share on other sites
1 hour ago, iamnumerate said:

They are helping any BTL landlords who want to sell up.

FTB not so much.

Exactly. The Greedy BTL won't sell up unless he's offered 25% more than he thinks it was worth last year, and hey presto here comes the krankie with the perfect solution! 

Share this post


Link to post
Share on other sites

Like help to buy, the real purpose of that 150 million is to allow an additional 600 million pounds of mortgage money to flow into the bottom of the housing market. Another disgusting attempt to square a circle, where wages and market forces inconveniently get in the way of high house prices. 

Share this post


Link to post
Share on other sites

Why do politicians think giving out "free" money (or easy loans) is the answer? Can't they see it pushes up prices: HTB, housing benefit, etc. I use a silly example to illustrate this point to numpties who think HTB is helpful:

If everyone was given £1m, the next day most people wouldn't turn up for work. Thus the shops/schools/hospitals would have no staff. The only way to get them back would be to increase their salary to a meaningful amount bearing in mind they're already millionaires. The price of everything in the shops would rocket to match the retailers' costs and the spending power of the customers. Thus printing money = inflation.

HTB supporters just don't understand that ... "But but it helps people get on the ladder"

Share this post


Link to post
Share on other sites
4 hours ago, Sausage said:

Why do politicians think giving out "free" money (or easy loans) is the answer? Can't they see it pushes up prices: HTB, housing benefit, etc. I use a silly example to illustrate this point to numpties who think HTB is helpful:

If everyone was given £1m, the next day most people wouldn't turn up for work. Thus the shops/schools/hospitals would have no staff. The only way to get them back would be to increase their salary to a meaningful amount bearing in mind they're already millionaires. The price of everything in the shops would rocket to match the retailers' costs and the spending power of the customers. Thus printing money = inflation.

HTB supporters just don't understand that ... "But but it helps people get on the ladder"

+1

More people could get on the ladder 22 years ago without HTB, therefore HTB is not the solution.

Share this post


Link to post
Share on other sites

It's political perfection:

I) no need to address high house prices

II) politicians with investment properties profit from it

III) most people too dumb or complicit to see past the word 'help'.

Share this post


Link to post
Share on other sites
37 minutes ago, iamnumerate said:

+1

More people could get on the ladder 22 years ago without HTB, therefore HTB is not the solution.

It is the solution, if the problem is low house prices.

Share this post


Link to post
Share on other sites
12 minutes ago, PeanutButter said:

Who is the biggest housebuilder in Scotland? That's who'll benefit. 

This is not just for new builds

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 298 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%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.