Johnson's Right to Buy.

Someone is on the make and ministers are once again on the take with this half baked scheme.

Or it could be just another dead cat instead of another fake hospital.
 
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This government has failed on housing for more than a decade. They have done little to stop developers hoarding land for new surburbia, have allowed city centre homes schemes to be approved for go-ahead with a 10% provision for 'affordable homes' or social housing, just for that 10% to be removed once building is underway and contracts are signed.

There has been more housing ministers than Watford managers in the past decade - they seem to last 18 months - and the target of 300,000 new houses a year (which was too low anyway) has never been hit.

The stupid thing about this is that if they got housing right, put a competent minister in charge and followed through on at least one strategy rather than an annual re-launch ('we'll get it right this time!), they could have delivered themselves even more voters because they have helped people get a leg up.

Instead, there is chaos and incredible difficulty getting a deposit together, while private rent landlords suck income dry.

I naively thought this was going to be an ideal role for Gove as he at least enjoys cutting down red-tape and working around people and groups who are obstacles to his goals, but unfortunately he's in the middle of a severe mid-life crisis.
 
BiggEggo said:
Someone is on the make and ministers are once again on the take with this half baked scheme.

Or it could be just another dead cat instead of another fake hospital.
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The latter. It's a dead cat to distract from the disastrous vote of no confidence. He might as well have said we'll pay off national debt by selling the moon
 
Japsi said:
Ahhhhh, it’s all falling into place now.

About 12 months ago I read an article that the big banks want to get into the private rental market.

This is how I think it’ll work....

The housing allowance will be enough to service the mortgage interest for a house which is now owned by the mortgage company. Effectively the banks now own the house with zero capital outlay, and the government (tax payer) pays them the interest (rent). Continuing the conservative raison d'etra of robbing the poor to give to the rich. I despise those b*st*rds
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The owner will be responsible for maintenance of the property. Will that also be covered by benefits? Many may be able to buy the house but not to keep it. No doubt they will end up in the hands of rentier scum.
 
Politics is a game of perception, that this is yet another ill thought out, unworkable and totally impractical plan doesn't matter, what it does is give the gullible the impression that something is being done to help those on benefits, the reality is this Government are either not interested or not capable of creating coherent policy that tackles the real issues that many people face, it also continues the Conservative creation of debt as a control philosophy that pushes us closer to their long term goal of a neo-feudal state.
 
It's not only unworkable; it's massively irresponsible. Interest rates are only going in one direction next year. If a benefit recipient could buy a house under the proposed scheme by some unlikely combination of events, they would soon find the payments unaffordable. There will be plenty of existing homeowners in this boat soon
 
WoodallServices said:
They’ve never heard of Sub-Prime mortgages then? Let’s lend shed loads of money to people who haven’t got any money……what could possibly go wrong?🤡
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According to Martin Lewis, there are still up to 200,000 ‘mortgage prisoner’ victims, as a result of the 2007 bankers crash, trapped on high rates…lives being made a misery.
 
So if your benefits help with your mortgage what happens when interest rates rise? more benefits, or do the banks foreclose.
 
Absolutely laughable. People in work can't afford a F***ing house. Thanks to 20 years of labour and tory government and a population that is perfectly happy to sit on their **** and receive hundreds of thousands of unearned income while their kids can't get a roof over their head.
 
Glover_elbow said:
So if your benefits help with your mortgage what happens when interest rates rise? more benefits, or do the banks foreclose.
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Don’t worry it won’t get that far.
Someone pointed that if you’re a working family in receipt of Universal Credit and saving for mortgage.
Once your savings hit £16,000 your UC is stopped.
 
The Tory's seeing this as a vote with winner but If it spooks the housing market then its good night Vienna for them and misery for us all
 
JackG said:
It's not only unworkable; it's massively irresponsible. Interest rates are only going in one direction next year. If a benefit recipient could buy a house under the proposed scheme by some unlikely combination of events, they would soon find the payments unaffordable. There will be plenty of existing homeowners in this boat soon
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See Richyboro’s post.
 
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