tho there is a fee

In the 6th year, you'll be charged a fee of 1.75% of the loan's value. After this, the fee will increase each year by Retail Price Index plus 1%. All figures are purely indicative and should not form the basis of any purchasing decisions.

Posted By: SCC 28 on October 8th 2013 at 17:13:35

Message Thread

this new help to buy scheme (General Chat) - SCC 28, Oct 8, 15:53:01
- ... (General Chat) - CB41, Oct 8, 17:52:12
- thanks all will hold fire then (n/m) (General Chat) - SCC 28, Oct 8, 16:42:08
  - should warn you - quite a few of the answers below aren't right (n/m) (General Chat) - Tricky Hawes, Oct 8, 17:05:38
    - (because people are confusing HtB1 - the equity loan scheme - (General Chat) - Tricky Hawes, Oct 8, 17:10:34
      - yes that's it (General Chat) - SCC 28, Oct 8, 17:12:41
        
        tho there is a fee (General Chat) - SCC 28, Oct 8, 17:13:35
        
        I don't think so. Where have you seen that? (General Chat) - Tricky Hawes, Oct 8, 17:30:36
        
        near the bottom (General Chat) - SCC 28, Oct 8, 17:32:09
        
        oh i see that's the equity one (General Chat) - SCC 28, Oct 8, 17:33:37
        
        depends on the interest rates on the two different types of mortgages (General Chat) - Tricky Hawes, Oct 8, 17:37:02
        
        ok thanks (General Chat) - SCC 28, Oct 8, 17:38:43
        
        Yup, pretty sure you're also confusing the equity loan scheme (General Chat) - Tricky Hawes, Oct 8, 17:31:48
- after 5 years the govt whack 1% a year on top of base rate (n/m) (General Chat) - MIKEWALKER, Oct 8, 16:00:11
  - I believe it's a 1.75% fee after 5 years, plus they take 20% at sale, not what they leant (n/m) (General Chat) - CROMAGZ, Oct 8, 16:03:44
    - lent (n/m) (General Chat) - CROMAGZ, Oct 8, 16:05:39
    - yes, then it goes up 1% every year until you burst (n/m) (General Chat) - MIKEWALKER, Oct 8, 16:05:05
      - got to be better than renting though? (n/m) (General Chat) - SCC 28, Oct 8, 16:05:32
        
        Possibly. The proliferation of buy-to-letters has basically fucked things forever (n/m) (General Chat) - MIKEWALKER, Oct 8, 16:08:39
        
        yes they should all be locked up imo (n/m) (General Chat) - SCC 28, Oct 8, 16:10:43
        
        not saying that at all (General Chat) - MIKEWALKER, Oct 8, 16:13:15
        
        there is also money to be made from payday loans (General Chat) - SCC 28, Oct 8, 16:14:15
        
        ^^^VMT (n/m) (General Chat) - CROMAGZ, Oct 8, 16:12:15
  - would that be a lot? (n/m) (General Chat) - SCC 28, Oct 8, 16:01:13
    - Its all a bit vague but to me it reads like this (General Chat) - MIKEWALKER, Oct 8, 16:03:55
      - well surely... (General Chat) - CROMAGZ, Oct 8, 16:15:29
- They need to build more houses, not fuel another boom (n/m) (General Chat) - duke of york, Oct 8, 15:58:41
  - You do wonder about this lot (General Chat) - Old Git, Oct 8, 16:12:11
    - The former is out of consideration for the good burghers of Birmingham (General Chat) - Old Man, Oct 8, 16:36:32
      - and go to London?? Fuck me, out of the frying pan........ (n/m) (General Chat) - CB41, Oct 8, 16:38:52
    - Beats me (n/m) (General Chat) - duke of york, Oct 8, 16:33:40
  - so how would the boom be bad for people who do this (n/m) (General Chat) - SCC 28, Oct 8, 15:59:45
    - Bad for the poor first time buyers coming through (General Chat) - duke of york, Oct 8, 16:02:55
      - yeah thought so - not too bad then (n/m) (General Chat) - SCC 28, Oct 8, 16:04:06
        
        You don't want people in their 20s to be able to afford a home? (n/m) (General Chat) - duke of york, Oct 8, 16:05:20
        
        well i wasn't lol (General Chat) - SCC 28, Oct 8, 16:06:31
        
        Rising house prices is a fucking disaster (General Chat) - duke of york, Oct 8, 16:07:49
        
        ffs why can't things just be like 30 years ago (n/m) (General Chat) - SCC 28, Oct 8, 16:09:29
        
        15%-17% interest on mortgages again... (General Chat) - Pixelman, Oct 8, 16:16:01
        
        1983. Going to football was like going to war back then. (n/m) (General Chat) - Pit, Oct 8, 16:12:38
        
        If the government really wanted to help people buy homes (General Chat) - MIKEWALKER, Oct 8, 16:12:01
        
        Nail, head.... boom... (General Chat) - Pixelman, Oct 8, 16:20:48
        
        Probably wouldn't literally go boom, unless it was an exploding nail (n/m) (General Chat) - Old Man, Oct 8, 16:23:58
        
        property boom ahoy... (General Chat) - Pixelman, Oct 8, 16:28:13
        
        You could make the nail out of fulminate of mercury I guess (n/m) (General Chat) - Old Man, Oct 8, 16:24:19
        
        vmt (n/m) (General Chat) - duke of york, Oct 8, 16:12:39
        
        Had already started going to shit in 1983 (General Chat) - duke of york, Oct 8, 16:11:36
        
        40 then (General Chat) - SCC 28, Oct 8, 16:12:14
        
        1973 - start of the oil crisis which fucked the world. (n/m) (General Chat) - Pit, Oct 8, 16:13:45
        
        50? (n/m) (General Chat) - SCC 28, Oct 8, 16:14:44
        
        1963 - sounds good to me. CB41 - what was it like to be (General Chat) - duke of york, Oct 8, 16:18:45
        
        I'm told it was groovy man. (General Chat) - CB41, Oct 8, 16:28:45
        
        #lolcats (n/m) (General Chat) - Pit, Oct 8, 16:19:23
    - Every bubble bursts (n/m) (General Chat) - Old Man, Oct 8, 16:00:04
- will fuel house price inflation which will negate some of the benefit. (n/m) (General Chat) - Pit, Oct 8, 15:57:39
  - but rich cunts will lose out on rent money (n/m) (General Chat) - SCC 28, Oct 8, 15:59:00
    - i doubt it. rental sector is rampant. espc in LDN. (n/m) (General Chat) - Pit, Oct 8, 16:10:04
    - That's exactly how Osborne announced it in the Commons (n/m) (General Chat) - Old Man, Oct 8, 15:59:48
- Apparently the treasury will charge the banks 4% more interest than the banks (General Chat) - CB41, Oct 8, 15:56:25
  - There's the whole Propping The Economy Up On A Housing Bubble catch. (General Chat) - Arizona Bay, Oct 8, 16:00:28
    - Well yes, there is that. If I were a selfish c**t, I'd hope they really go rampant (General Chat) - CB41, Oct 8, 16:26:30
- It's the thing that keeps the door closed when you've shut it (General Chat) - Old Man, Oct 8, 15:54:15

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