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Key workers to be given 30% discount


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It is the latest in a series of schemes unveiled by recent Tory governments to help first-time buyers, such as help-to-buy, help-to-buy ISAs, shared ownership and stamp duty relief.

Key workers, such as nurses, police and military personnel, will get priority under a new scheme offering homes for first-time buyers at a 30% discount, the housing secretary will say on Friday.

Robert Jenrick, the housing secretary, said the new “First Homes” scheme, first announced during the election campaign, would save eligible buyers an average of approximately £100,000 on a first property.

John Healey, Labour’s shadow housing secretary, said the announcement was “yet another empty promise from the Conservatives,  after 10 years of failure on housing”. “We’ve heard this all before. Conservative ministers previously pledged to build 200,000 cut-price homes for first-time buyers, but the National Audit Office has confirmed they haven’t built a single one, despite wasting almost five years and spending millions of pounds,” he said.

Guardian

 

Another grandiose housing schemes unveiled by Tory.

Will it work this time, or will it just keep plates spinning for little bit longer?

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2 minutes ago, Bruce Banner said:

30%, how much profit is there in a new house?

No idea, but it's bit fishy.

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It said the 30% discount would apply to “a proportion of new homes” and would be funded out of contributions from developers.

Guardian

 

 

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13 minutes ago, Bruce Banner said:

Indeed.

It looks like everyone else will have to pay at least the 30% premium for new house, but probably more.

Maybe it's design to plug the hole after HTB is going to be abolished.

Edited by rollover
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8 minutes ago, rollover said:

It looks like everyone else will have to pay at least the 30% premium for new house, but probably more.

Maybe it's design to plug the hole after HTB is going to be abolished.

More tinkering.

What ever happened to free market Tories?

In a free market, without government props, builders would be in competition and thus prices would be lower, apart from for the chosen few.

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Increase the price to reduce it by 30% for some......does that mean everyone else pays 30% over valuation......why the reduction to certain working people? Why not just increase their pay?  Is this telling us that the cost of buying a home is well and truly out of kilter to earnings for people......the system is skewed.?

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It seems that a certain proportion of stock on new developments will be set aside as "affordable" and for key workers. What's to stop the developers jacking the price of the rest to compensate? Why aren't police officers, nurses and teachers being paid enough? Also the 30% discount is going to built it so that when one of the "key workers" sells the 30% discount is passed on. None of this cr&p makes any sense, what a pickle we've gotten ourselves into over housing.

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5 minutes ago, Social Justice League said:

The system is corrupt and our wonderful tory politicians that the daft north voted in are facilitating the corruption.

 

Suckered into another five years of financial repression by Farage and the billionaire press.

ian-duncan-smith-cheering.jpg?w=455&h=25

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50 minutes ago, Bruce Banner said:

30%, how much profit is there in a new house?

usually it is 1/3 for the land 1/3 build costs 1/3 profit

 

15 minutes ago, winkie said:

Why not just increase their pay? 

you can pay the increase in tax then to cover it

 

11 minutes ago, Social Justice League said:

The system is corrupt and our wonderful tory politicians that the daft north voted in are facilitating the corruption.

But i recall that on a thread last year you said that you do not work as you do not want to pay tax so unless houses are free you will never own one 

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23 minutes ago, mallish said:

usually it is 1/3 for the land 1/3 build costs 1/3 profit

 

you can pay the increase in tax then to cover it

 

But i recall that on a thread last year you said that you do not work as you do not want to pay tax so unless houses are free you will never own one 

That doesn't stop me from calling out our bent system and the halfwits in the north who voted for our current leaders.

Edited by Social Justice League
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29 minutes ago, mallish said:

you can pay the increase in tax then to cover it

 

.......so reduce price by 30% for all new buyers, to make it the new going rate for all......like having a pay rise.?

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54 minutes ago, smash said:

It seems that a certain proportion of stock on new developments will be set aside as "affordable" and for key workers. What's to stop the developers jacking the price of the rest to compensate? Why aren't police officers, nurses and teachers being paid enough? Also the 30% discount is going to built it so that when one of the "key workers" sells the 30% discount is passed on. None of this cr&p makes any sense, what a pickle we've gotten ourselves into over housing.

They will sell to key workers at market value and to others at 130% of Market Value or maybe even more.

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40 minutes ago, Simhadri said:

House prices will jump further. They will pull every tactic in book to recreate late 1980s  style mega boom again.As Cameron said "We're all in this together".

I doubt the house prices will will rise much further from now on.

I think these scheme is designed for keeping the prices high.

Boris doesn't want falling housing market and crashing economy while hand-carrying Brexit and pulling from JRM's hat out of this world Brexit trade deals.

But I could be wrong on this.

Edited by rollover
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The issue is the high price of land not the labour to build the homes or the materials used to build.......like all free world resources, land, oil, gas, fish in the sea, fertile land, fresh water......we all collectively own them because they were given free for all to share......all that is left is to monetise the air we breathe, will it be more expensive to breath in certain places and cheaper in others??

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I really resent these types of schemes. Perhaps I'm biased as my job isn't classed as a "key" worker. Here's a thought from me though, all workers are key. Lets see how well the nurses do in their key role without the cleaners maintaining hygiene levels, the logistics and pharmacy workers getting them new supplies, the builders maintaining and expanding the hospital building, the bed manufactures, the food producers and cooks. What about the car manufactures who built the vehicle the nurse used to get to work? Even the people working in the pubs and restaurants that make the area the nurse lives in attractive for them to want to live there.

Sick of the lot of it, the government is doing everything but addressing the real problem.

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  • 417 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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