LUCAN Posted September 27, 2014 Share Posted September 27, 2014 How nice of the Tories to offer such a scheme. Homes for everyone! http://www.dailymail.co.uk/news/article-2771380/20-cent-home-Tories-offer-time-buyers-40-special-discount.html Link to comment Share on other sites More sharing options...
bookie Posted September 27, 2014 Share Posted September 27, 2014 im over 40, been working ard for 15 years and still cant afford a house...what about me? Link to comment Share on other sites More sharing options...
Mecky Posted September 27, 2014 Share Posted September 27, 2014 They're getting desperate. I've been around alot of message boards this morning and most of the tories appear to be saying growth is not needed or necessary. I doubt they'd be saying that if Labour were in government. These tories are rather pathetic. Link to comment Share on other sites More sharing options...
Guest sibon Posted September 27, 2014 Share Posted September 27, 2014 Social housing. From the Tories. Whatever next? Link to comment Share on other sites More sharing options...
LUCAN Posted September 27, 2014 Author Share Posted September 27, 2014 im over 40, been working ard for 15 years and still cant afford a house...what about me? You've had 40 years to sort yourself out. What have you been doing! Link to comment Share on other sites More sharing options...
Cyclone Posted September 27, 2014 Share Posted September 27, 2014 As it stands they might as well just give those FTB 40k. If I was in a position to buy a house for 160k that was worth 200k, I'd buy it, then immediately sell it for 190k (still cheap you see, would sell quickly), and pocket the difference. Even after the expense of buying and selling, that'd be a quick 25k in your pocket... Link to comment Share on other sites More sharing options...
Guest sibon Posted September 27, 2014 Share Posted September 27, 2014 As it stands they might as well just give those FTB 40k. If I was in a position to buy a house for 160k that was worth 200k, I'd buy it, then immediately sell it for 190k (still cheap you see, would sell quickly), and pocket the difference. Even after the expense of buying and selling, that'd be a quick 25k in your pocket... What if the terms of the offer meant that you couldn't sell it for five years? Would you still take the chance? Link to comment Share on other sites More sharing options...
firemanbob Posted September 27, 2014 Share Posted September 27, 2014 As it stands they might as well just give those FTB 40k. If I was in a position to buy a house for 160k that was worth 200k, I'd buy it, then immediately sell it for 190k (still cheap you see, would sell quickly), and pocket the difference. Even after the expense of buying and selling, that'd be a quick 25k in your pocket... Its very likley to have a clause which states it can only ever be sold with a 20% discount, they have been around for several years. Link to comment Share on other sites More sharing options...
Cyclone Posted September 27, 2014 Share Posted September 27, 2014 What if the terms of the offer meant that you couldn't sell it for five years? Would you still take the chance? I suppose they could put in a clause that would claw back the discount if you sold. A clause to stop you selling wouldn't be enforceable. ---------- Post added 27-09-2014 at 09:39 ---------- Its very likley to have a clause which states it can only ever be sold with a 20% discount, they have been around for several years. That doesn't sound quite right, a 20% discount on what, the market value, the asking price? Very easy to get around, just 'value' the house at 20% more, and then apply the discount. It's not like house valuations are done by anyone actually qualified or in any scientific way... Link to comment Share on other sites More sharing options...
Mecky Posted September 27, 2014 Share Posted September 27, 2014 If I had a house for sale I wonder sell under 20% of the market value Link to comment Share on other sites More sharing options...
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