This article is worth reading. The media are quoting figures about property values that are provided by Rightmove. They are using asking prices – they are irrelevant. Its selling prices that count.

Don’t journalists question statistics or do they just like sensationalising?

http://www.estateagenttoday.co.uk/news_features/Agents-war-of-words-over-Rightmoves-house-price-survey#!

Spot on Ms Beeny.

The scheme is irresponsible and economic lunacy.

We need more high profile people getting the message out so that buyers are more cautious.

http://www.telegraph.co.uk/finance/personalfinance/borrowing/mortgages/10377012/Sarah-Beeny-Help-to-Buy-makes-taxpayers-act-like-parents.html

Its good to hear today that Moneysavingexpert Martin Lewis has been interviewed and quoted on the news as he is warning people about this scheme.

This should help get the message across to the public that interest rates WILL rise, and they need to ensure that they can pay their mortgage when that happens.

I am fearful that many naive buyers and new investors will not be able to afford the repayment. Frankly the scheme is designed to win votes and to bail out the banks by inflating house prices so the banks dont lose money on their property bad debts.

Home ownership isn’t a right and it isn’t essential. It comes with large financial risks & its irresponsible of the Gvmt to encourage people to buy properties.

Did the Gvmt learn NOTHING about the crash that was ultimately caused by debt? Patently not. They are still over-borrowing and encouraging people to take on more debt even though we are already the most indebted nation on earth per capita. It cannot end well.

If you are thinking of buying, by all means use the scheme, but be very careful of what you are buying and how you will pay back your mortgage. A 10 year fixed rate based on today’s rates looks like a good place to start to me for anyone who wants to own a property long-term.

More pressure on landlords and letting agents.

How realistic is this? How much history should an agent know about a property & who has lived or died there?

More evidence that “caveat emptor” is becoming irrelevant in our no-risks accepted, nanny-state.

http://www.lettingagenttoday.co.uk/news_features/Letting-agents-warned-to-take-disclosure-duties-seriously-or-risk-jail

More ill-thought out ideas from Gvmt.

Most mortgage lenders terms only accept tenants for 12 months. This is because it is very difficult to remove non-paying tenants and rogues. Long tenancy agreements can mean Landlords are faced with serious financial problems. Unsurprisingly lenders don’t want this risk.

There are seemingly no proposals to help Landlords speed up the current legal process so that for instance if a tenant were 2 months in arrears then they could evict a tenant.

The idea of long tenancies is a decent one, but Gvmt again is proving how little it understands about the Private Rented Sector.

If you were cynical you might think that the announcement was made because there are few votes from supporting landlords, but how many could be garnered from Labour’s heartlands ie lifelong tenants? Plus agencies like Shelter are far more effective at lobbying than the National Landlords Association.

Mr Pickles you need to understand more about the marketplace if you want to do what is RIGHT rather than what is politically expedient.

http://www.landlordtoday.co.uk/news_features/Landlords-in-a-pickle-as-tenants%E2%80%99-charter-breaches-mortgage-terms