Saturday, May 3, 2014

Government set to milk FTBs at the bottom end of a rising market!

UK state set for £4.5bn Help to Buy profit

George Osborne’s Help to Buy scheme is poised to generate £4.5bn in profit for the government, making the Treasury one of the biggest beneficiaries of a housing boom. Research by the Financial Times shows that the government is on track to make a 59 per cent rate of return in nominal terms over its lifetime. The equity loans are interest-free for the first five years and Financial Times modelling assumes that all buyers sell their homes at the end of this period, when the government reaps the uplift in its stake of the property. FT article is better but you need to be a subscriber or enter via a backdoor.

Posted by enuii @ 11:34 PM (3098 views)
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3 thoughts on “Government set to milk FTBs at the bottom end of a rising market!

  • Never seen so many super positive articles on the property market…I wonder if these
    We’re written by hmg and sent to the press

    Ireland property boom then bust was partly blamed on lunatic property fever fuelled
    Articles citing property as a no brained that always goes up because of massive demand

    Prices fell 56%

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  • Help to buy bad news because the Government gets a big share of any subsequent rise in the price of the house.

    It’s a stupid scheme. In fact, buyers are pretty stupid.

    Good to see the fever pitch tho’, hope this situation increases and prices continue to rise hugely.

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  • Taffee,

    Agreed +1

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