Labour to offer 2 year mortgage payment hols - buying votes?

#3
My what a happy little communist country we live in, not only do I pay to keep those too Idle to work in beer,fags and playstations, I will now pay the mortgage of those too stupid ,greedy, careless and shortsighted to look after their own finances.
 
#4
So now not only is the tax payer paying for his own house. He is paying for the dole scum to have a roof over their head and now everyone else too. Not to mention bailing the banks out of debt. The same bank who has fcuked him with a big rubber one over his mortgage rate. If he is lucky he will keep his job because if not he's gonna have to slip through the net too.

And so the big circle of sh1te continues for some other poor git.

Labour - P1ssing your money up the wall because they can.
 
#5
Is there any evidence to suggest communism can work?
 
#6
Jesus Christ - Read the bloody story. This kneejerk 'dole scum' crap is getting tired and old

Read the proposal.
 
#7
Closet_Jibber said:
So now not only is the tax payer paying for his own house. He is paying for the dole scum to have a roof over their head and now everyone else too. Not to mention bailing the banks out of debt. The same bank who has fcuked him with a big rubber one over his mortgage rate. If he is lucky he will keep his job because if not he's gonna have to slip through the net too.

And so the big circle of sh1te continues for some other poor git.

Labour - P1ssing your money up the wall because they can.
Get out of the closet and wake up!

All this says is if you lose your job banks are agreeing to defer the interest on house payments seems like a darn good idea to me.
 
#8
"The theory, therefore, is that the move will not reduce the funds available for other borrowers. "

My ring. The money has to come from somewhere!!!
 
#9
Gust.Avrakotos said:
Closet_Jibber said:
So now not only is the tax payer paying for his own house. He is paying for the dole scum to have a roof over their head and now everyone else too. Not to mention bailing the banks out of debt. The same bank who has fcuked him with a big rubber one over his mortgage rate. If he is lucky he will keep his job because if not he's gonna have to slip through the net too.

And so the big circle of sh1te continues for some other poor git.

Labour - P1ssing your money up the wall because they can.
Get out of the closet and wake up!

All this says is if you lose your job banks are agreeing to defer the interest on house payments seems like a darn good idea to me.
Who just gave the banks alot of money? :roll:
 

seaweed

LE
Book Reviewer
#10
Presumably thje missed interest payments will be added to the capital so that thepeople who can't pay get ever deeper in debt .. or will the gap be made up by increasing mortgage rates so that the wise virgins pay for the foolish ones? I'm sure there's a good racket here if this comes in but I haven't spotted it yet - every piece of Govt meddling, ill-thought out as it always is, opens the door to a racket for someone. Are there enough unfortunate/feckless/improvident/criminal people about to keep ZanuLiabour in power, as well as all the people in non-productive work in Govt etc - gay and lesbian outreach coordinators etc - who have to vote for ZL to keep their jobs? The number of passengers travelling free on the train of State, who dare not get off, has never been higher.
 
#12
PartTimePongo said:
Jesus Christ - Read the bloody story. This kneejerk 'dole scum' crap is getting tired and old

Read the proposal.
I'm glad you said it, no one listens to me if I tell people to do more than scan article or proposal X, Y, or Z in order to find key words that get their blood up.

This isn't a 'buy' of votes - none of these evil evil people who though they were safe in their jobs and decided to get a house only to have it all go south will get a penny.
 
#13
parapauk said:
This isn't a 'buy' of votes - none of these evil evil people who thought they were safe in their jobs and decided to get a house only to have it all go south will get a penny.
No but they could have bought insurance. The people who did buy insurance are now having pay in taxes for this as well.
The banks have agreed to this because the treasury is underwriting it. So no risk for them I'm not surprised they are agreeing to it.
According to the BBC it might be up to the value of a 400k mortgage (hardly dole scum) however how about these people sell up and move somewhere cheaper?
 
#14
Blogg said:
They will almost certainy just defer payments: the interest clock will still run and run and simply accrue further debt
Not if the gobment also ensure that ALL existing mortgages have the BOE latest LOW interest rates applied.

A 2% interest rate would actually reduce the mortgage by over £500+ per year.
 
#16
No. They , the Mods, got tired of reading the same old shite watching Arrse CA being dragged down by inches.

The thread is in the Arrsehole.
 
#17
PartTimePongo said:
No. They , the Mods, got tired of reading the same old shite watching Arrse CA being dragged down by inches.

The thread is in the Arrsehole.
No you got a sad on 'cos the thread didn't fit your political views and you wanted to remind everyone you are a mod of an internet forum and therefore an Important person really.

If you didn't like what was being said why not argue against it, or ignore it, just as I do when I read most of your posts.

I didn't see anything bigoted on the thread, or untrue.

And the story wasn't tired or old, it was an article in yesterdays telegraph about new legislation.
 
#18
Oh come on - what's another £1.4 Bn going to affect when you are already borrowing £120 Bn.

It's not as if you would want to use that sort of money on anything else like injury compensation, AFVs, quartering, replacements for Tristars etc
 
#19
As usual, the bUgger will be in the detail. I would resent this move if it covers second homes [buy to let] mortgages. As I don't have a mortgage and I don't owe anyone a brass farthing., I resent my taxes bailing out anyone anyway. If billions had not been squandered by this government over the last eleven years then I would feel differently.
 
#20
To be honest I'd rather pay the interest on an average 3 bed family home than have the whole family rehoused and pay their rent for them in the private sector, which is what the alternative would be if they're foreclosed.

I'd support the family being moved to cheaper accomodation if their interest payments are much more than it would cost them to rent a basic place with enough bedrooms for their needs, i.e. in the case where somebody was earning a lot of money and had bought a much more expensive than average home which they could no longer afford.

If we're working on the principle that the govts. going to be housing people one way or the other, this seems like a cheaper solution than just automatically forcing the family into renting and then paying the rent for them.
 

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