MBK emailed me a fine article in The Soaraway Sun blasting the "Help to buy" land price subsidy scheme. Not because it is a lunatic risky use of taxpayers' money that will merely push up land prices and burden people with much larger debts, no sirree...
FOREIGNERS can cash in on a taxpayer-funded scheme to help hard-up families buy new homes, it was revealed last night.
They will be able to claim thousands of pounds in subsidies for a deposit.
It emerged that non-UK residents from Europe and the rest of the world will be able to buy their first pad here worth up to £600,000 using £130 billion of public money.
One furious critic branded the scheme “absurd”, and others warned it would boost the “pull factor” which has lured millions of immigrants to Britain.
The Help to Buy scheme — announced in the Budget — allows families to put down just five per cent on a newly built home. A further 20 per cent comes from a five-year interest-free Government loan.
Mortgage brokers are already advising hundreds of foreigners who want to take advantage.
Sir Andrew Green, of MigrationWatch UK, said: “This is utterly absurd. We are trying to tackle mass immigration, yet at every point we roll out the red carpet.”
In other news:
FOREIGNERS can use taxpayer-funded public transport designed to help hard-up families get to work, it was revealed last night.
FOREIGNERS can call the taxpayer-funded police if they are victims of crime, it was revealed last night.
Reeds tottering in the wind
2 hours ago
1 comments:
Surely the promised "You're all part of the UKBA [or whatever it is called these days] now measures" which will require landlords and letting agents to ascertain that their clients are "properly here and allowed to stay" will extend to mortgage brokers and lenders participating in all these "shore up house prices and ideally increase them" schemes? That, with perhaps the addition of some "qualifying condition" such as 'even if you are here legally, you can't buy UK property until you've been resident for X months" would probably put Sir Andrew's mind at rest. I appreciate that certain London and its surrounds Estate Agents might not be too chuffed about it, especially the latter, nor indeed the present owners of properties they were hoping to unload onto high rolling incomers looking for a suitably salubrious London stopover pad.
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