Because Tories Aren’t People!

Dawn Foster clearly thinks so, anyway:

Picture a typical first time buyer. Chances are the image you have is of a young professional couple who’ve spent years scraping together a deposit, and are keen to own the roof over their heads so they can start a family.

Mmm, yes. Probably.

Not that we should have stereotypes, Dawn, surely the ‘Guardian’ of all newspapers shouldn’t be encouraging this?

I’ll hazard a guess that very few people instantly thought of the wife of a 63-year-old Conservative MP: but, according to the Mirror, Peter Bone and his wife Jennie used the government’s help-to-buy scheme to buy a new constituency home, purchasing the £175,000 home in her name, with a £35,000 equity loan from the government.

So..? Did they break any rules by doing this?

Of course even if his wife did purchase the home using a help-to-buy equity loan, she is perfectly within her rights to do so: there is no cap on income for applicants, and outside of London, would-be homeowners simply need to be first-time buyers.

Answer’s ‘no’ then. Why the whinging?

This story exposes the conflict at the heart of the government’s various schemes to quell the growing rage over UK house prices. People want to buy, because renting conditions are often precarious and expensive.

But people can’t buy, because house prices are too high. And rather than address the root causes of the housing crisis – speculation, a lack of supply, a stilted economy and the collapse of the social rented sector – politicians opt to prop up an unsustainable housing market with state cash, to mollify homeowners who are understandably nervous of negative equity.

I notice a ‘root cause’ missing, Dawn. Mass immigration. Must have just been an oversight, eh?

wealthy people can take advantage of it if they technically haven’t purchased a home in their own name before.

Equally, a loophole in the details of the government’s flagship starter homes scheme could be exploited by prospective buy-to-let landlords – there is currently no stipulation that the buyer must live in the property. So potentially, wealthy parents could hand a child a lump sum to purchase a starter home with a 20% discount, then let the property out.

If you think you can write a totally loophole-free piece of legislation, Dawn, then have at it!

5 comments for “Because Tories Aren’t People!

  1. March 18, 2016 at 10:54 am

    Does it count if it’s the first time in London buying a house, if not elsewhere?

  2. wiggia
    March 18, 2016 at 12:53 pm

    I noticed there was a comment under the article that laid out the problem mass immigration caused in the housing market, the comment was ignored and had just one uptick, the truth doesn’t sit well at CIF .

    • Hereward Unbowed.
      March 18, 2016 at 5:19 pm

      The truth, the actuality have a very uneasy and very loose association with the majority of the CiF readership.

      Indeed, I guffaw at the irony of it – when the bbc quotes Dave (or was it Osborne?) when they use that Tory boy quote, “we’re all in it together”. FFS, the public sector aristocracy, the public broadcasting meejah whores; are cossetted, cushioned and hermetically sealed off from the vicissitudes of life at the sharp end.

      • March 20, 2016 at 6:58 am

        It’ll soon go the way of the ‘Independent’, if the increasing frequency of begging ticker tape on their website is anything to go by…

  3. mona
    March 19, 2016 at 10:53 am

    Just like Australia-Canada-India-Pakistan-Nigeria, we have lots of wide open space to build wonderful new hutch-like homes for our young people ( and immigrants )to buy and have a slave mortgage so they will be almost solely focused on working to pay off this horrendous burden most of their lives, “We are all in it together,” the lying bastards. Turkey to join the EU , Cameron a Taqiyah Christian.

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