Shared ownership mortgages

So when's this coming then?

No it won't, it will just allow first time buyers to get onto the property ladder...something that is VERY hard to do at the moment.


Oasis - write to your local MP

so what will happen is property developers and gangsters etc etc will pay people to act as 1st time buyers to buy them all up and then make a shitload of money !!!
its all been done b4..
55% north had that problem
they can do it with tickets to shows etc ..so why not houses ?

what the fuck!

55% north were supposed to only give 1 property to each person that wanted to live there.
1 person ended up owning 50% of them and then sold them after 6mths for ££££'s more.
this has been happening down south with the cheaper housing !
i.e
you get your in-laws,cousins,nephews,etc etc to put thier names on the list and after 6 months or so they sell the house on for a shitload of profit.
its been happening for years...

well thats the thing people forget about ! good point.
we worked it out that we only actually made about £3000 after everything

The 50% of flats in 55 Degrees would be priced at the standard rate so why on earth would someone come along and pay stupidly over the odds when they can see the value of the other properties.

Good story though, you should work for the Daily Mail

You'd be better off spending that £200 a month on lottery tickets

I totally agree, people are far too greedy today and aren't prepared to wait for anything

not gonna happen

(unless interest rates rise to 14% or something stupid like that)


theres been a bit of a correction in the market for city centre flats (caused by over-supply), but if we are talking £200,000 houses, then i cant see anything more than a levelling out of values for a period

The only houses being built where I live are over priced box houses ranging from £125k to £400k. Even if you bought one of the 2 bedroom 125k houses, as a first time buyer, that is gonna be quite a big mortgage payment. Something like £900 a month.

Spot on!

They'll never go back down to where they were or what they should be at. Like it said on the news the other week, the next generation won't be able to afford there own house. It'll be a luxury to have one and it'll either be if you're rich or it's from an inheritance.

The government will defo do something to stop it all going too far. If it got to a point where no one could afford to buy houses then companies will stop building them thus making things even worse because of a shortage of housing.
Too many big companies hold the precious land we need for housing to be built.

In the future it will be like mad max, people fighting over gasoline and that. Tina turner hosting royal rumbles and weird kids with boomerangs.

BTW I havent just bought a house mate, we got a surveyor out and the building was fooked. It would cost an extra 10k to sort it out and the bloke is a bit daft and probably won't drop the price even though mortgage lenders arnt going to borrow people that amount because the house isn't worth it.