BrainKing - Forum (Politics)

Toezichthouder: Vikings

Politics

Forum for discussing local and world politics and issues. All views are welcomed. Let your opinions be heard on current news and politics.

All standard guidelines apply to this board, No Flaming, No Taunting, No Foul Language,No sexual innuendos,etc..

As politics can be a volatile subject, please consider how you would feel if your comment were directed toward yourself.

Any post deemed to be in violation of guidelines will be deleted or edited without warning or notification. Any continued misbehavior will result in a ban or hidden status, so please play nice!!!

*"Moderators are here for a reason. If a moderator (or Global Moderator or Fencer) requests that a discussion on a certain subject to cease - for whatever reason - please respect these wishes. Failure to do so may result in being hidden, or banned."

Forumlijst

Modus: Iedereen kan berichten achterlaten

Toon oudste bericht eerst

23. maart 2013, 00:24:34

Mort

toon berichten van deze speler | toon onderwerp | link

Onderwerp: Re:not the same as mae or mac... even though it essentially does the same thing?

Iamon lyme: It doesn't though, not imo. In the end your banks sold mortgages to other companies, who sold them onto other companies, etc.

...not the same as this.

Any lenders will have to pay a fee to have it 'underwritten'.

It seems the rules will be..

5-20% deposit
20% shared equity loan
75-60% mortgage

It replaces a system called FirstBuy, which helped first time buyers.. now it is being extended to those buying a new home under £600,000 ($900,000 approx)

It does not sort out the problem of a lack of social housing which started in the Thatcher years. Long term tenants were allowed to buy their homes at a greatly reduced price. The money went to the councils, but they were not allowed to reinvest it in new stock by order of Queen Maggie.