Friday, August 29, 2008
I’d hate to have bought a BTL in some empty block
Unsold properties plan for councils
Councils could get help to buy repossessed and unsold properties under new plans to be announced by the Government, it has been reported. The measures, which are expected to be announced next week, will give councils and housing associations the means to intervene in the flagging property market. Local authorities will be able to offer financial help to borrowers unable to pay their mortgages in return for a stake in their homes or outright ownership,
Posted by matt_the_hat @ 08:39 AM (586 views)
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Johnny says:
“We are determined to do everything possible to promote long-term stability and fairness in the housing market.
Yeh right , They need to get all the revenue back from those stealth taxes when a property is sold. No sales = No Tax revenue
And again its the taxpayer who bails out all these people defaulting on loans and mortgages they shouldn’t have taken out.