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Failure To Launch, Co - Buying Branded A Failed Concept, Alliance And Leicester

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We have far more concrete evidence that co-buying agreements/mortgages have failed, however `tis good to see it mentioned in the mainstream ;) maybe the beeb will pull those ridiculous programmes in sympathy now :P

An Alliance & Leicester survey suggests that 24 per cent of single first-time buyers would like to buy their first property with friends. Men were three times as likely to want to do so as women.

But in practice, far fewer people actually take that step. According to Richard Taylor, head of mortgages at Alliance & Leicester, only a handful of buyers do opt to share with friends. They are more likely to look to parents for help, either by buying jointly with them, by asking them to help with a deposit or asking them to act as a guarantor on the mortgage, or wait until they buy with a partner.

http://firstrung.co.uk/articles.asp?pageid...articlekey=1785

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People are not stupid, deep down they know that two centuries of social progress should mean that people aim for something a bit better than over priced slum living.

It cuts against the grain in so many ways, the banks should just cram people into work houses or battery farms, their loans and mortgages are nothing other than indenture, involuntary slavery.

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People are not stupid, deep down they know that two centuries of social progress should mean that people aim for something a bit better than over priced slum living.

It cuts against the grain in so many ways, the banks should just cram people into work houses or battery farms, their loans and mortgages are nothing other than indenture, involuntary slavery.

It`s a small reason for cheer IMHO. These schemes, if adopted en-masse, could have caused more damage, they are/were part of the problem not a solution. Very few mainstream lenders saw any value or mileage in them, perhaps a round of applause for the FTBs is due who are not as gullible as some would like to believe.

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I am surprised that Gordon has not rolled out dormitories as a way for FTBs to find a home and share with like minded people in a convivial atmosphere reminiscent of the grand days of the 1960's Hippy communes.

Let them eat cake....... :lol:

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I am surprised that Gordon has not rolled out dormitories as a way for FTBs to find a home and share with like minded people in a convivial atmosphere reminiscent of the grand days of the 1960's Hippy communes.

Let them eat cake....... :lol:

You could you buy a 1% share in the commune on an interest only shared-commune/ownership scheme, then flip it after you and your hippy mates have seen the financial light :P

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  • 301 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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