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Author Gordon Brown announces mortgage relief for those affected by the recession
James
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Registered: 1st Jun 02
Location: Surrey
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3rd Dec 08 at 16:56   View User's Profile U2U Member Reply With Quote
http://news.bbc.co.uk/1/hi/uk_politics/7763044.stm

Good idea IMO.

Discuss.
Matt L
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Registered: 17th Apr 06
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3rd Dec 08 at 16:59   View User's Profile U2U Member Reply With Quote
suppose its a good idea. better than his last idea :rollseyes:
James
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Registered: 1st Jun 02
Location: Surrey
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3rd Dec 08 at 16:59   View User's Profile U2U Member Reply With Quote
Although not entirely sure how it will work........could be ok for the immediate term but when the "relief" period is up, people could be worse off then they were before and having to make larger repayments.
nova_gteuk
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Registered: 15th May 02
Location: South Wales Drives: The Bandwagon
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3rd Dec 08 at 17:10   View User's Profile U2U Member Reply With Quote
If your unemployed you dont pay the interest on your morgage for two years.

So how is this any diffrent?

Confused, Lol.
Cosmo
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Registered: 29th Mar 01
Location: Im the real one!
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3rd Dec 08 at 17:16   View User's Profile U2U Member Reply With Quote
Its only those on benefits who currently get it, so I suppose this now covers a drop in income (i.e. a lower paid job or less hours in current job), and will also cover you once you get another job and still getting back to terms with other finances you have.

Good idea IMO, will be more useful than the VAT drop, although this is something they should of done 6 months ago.
Jodi_the_g
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Registered: 7th Aug 01
Location: Washington D.C
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3rd Dec 08 at 18:19   View User's Profile U2U Member Reply With Quote
Its a good idea, just frustrates me that if you live hand to mouth and work hard to pay everything you never get handed anything.

Good idea in theory though.
Andrew
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Registered: 5th May 04
Location: Skoda Octavia Estate, Ford Puma
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3rd Dec 08 at 21:12   View User's Profile U2U Member Reply With Quote
quote:
Originally posted by Jodi_the_g
Its a good idea, just frustrates me that if you live hand to mouth and work hard to pay everything you never get handed anything.


I don't think you should live hand to mouth. If you get yourself in that possition then you really are stupid. However, i agree if you work an average job, work hard then you get nothing for free which is all wrong.

I do not agree that you do not pay intrest for 2 years. Is this a piss take or what? Which fucker is going to pay for this? You guessed it, US. If you want to keep your house you will work anything. 3 months tops you should be given.

Aftrer i finished uni i sat on my arse for 4 months before getting a job. Went to 4 interviews and got offered 3 jobs.

 
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