Excellent number crunching by Joe Sarling:
If a new Starter Home has a discounted value of £450,000 or less and [is bought by an] FTB is under the age of 40, all three policies (20% Starter Home discount; £3,000 government ISA bonus; 40% government loan) could be used in conjunction (Figure 1).
When this happens, the Government effectively funds 53% of the home.
For "government" read "taxpayer" of course, I find that helps to clarify things.
Monday, 25 January 2016
They own land! Give them money!
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2 comments:
The Welfare Isles
JH, this kind of subsidy is called "wealthfare".
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