Monday, Nov 18, 2013

Russian roulette with no empty chambers!

Mail: Property asking prices rising at fastest rate for six years as lenders warn Help to Buy will distort market

Property asking prices rising at fastest rate for six years as lenders warn Help to Buy will distort market

Posted by happy mondays @ 11:16 AM (1511 views)
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4 Comments

1. alan said...

So sign the on-line petition.

Monday, November 18, 2013 01:16PM Report Comment
 

2. happy mondays said...

Done it months ago Alan!

Monday, November 18, 2013 02:30PM Report Comment
 

3. a saver said...

I bought a house in July-started househunting on the day that the dastardly Help to Buy scheme was announced, once I got over the panic attack. Same reasons as other people, sick of the insecurity and high cost of renting with my savings doing zilch in the bank - except for my NZ dollars and inflation-linked bonds.
I ended up hedging, going for a slightly smaller house than I wanted and will buy a larger one if prices do come down eventually. In the same if-you- can't-beat-them-join them spirit I also bought Persimmon shares which have done nicely-for now at least.
And yes I signed the petitions against HTB and Funding for Lending - as I've said before fleecing grannies (via no interest on their savings and gilt yields/annuities being driven down) and taxpayers to help greedy people buy mansions with (almost) no money down is just plain WRONG! And I really don't get this high-house-prices-are-a-good-thing attitude. If the government have managed to work out that high energy prices are bad, why can't they apply the same logic to house prices? Best of luck to all, anyway!

Monday, November 18, 2013 05:36PM Report Comment
 

4. Scraphelptobuy said...

@2 The petition is only a month old. I think you are referring to the other petition about all financial assistance schemes.

Please sign the new petition if you haven't already.

http://epetitions.direct.gov.uk/petitions/55717

Monday, November 18, 2013 06:21PM Report Comment
 

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