To think being able to use housing benefits as a mortgage is unfair?

You know that you could have £50,000 in the bank and still be entitled to tax credits right somebody’s on the legacy benefit they’re laughing.

Gosh that will help the rental housing crisis
What a really astonishingly stupid idea

Tbh not many ppl would even be able ro save enough on uc to get a mortgage,

You cannot use HB to pay of a mortgage, you can however use it to pay rent, but as a landlord, I can assure you, they only pay a part of it, and since it has moved to UC, it has quite frankly made being a landlord a fricken nightmare

As a double whammy in my cousins case getting her out of that council house that she doesn’t want is a win for somebody who would be grateful for it.

The banks will not stop it the banks have just been handed a whole new set of customers that they didn’t have previously, why would they think that was a bad idea ?

just thinking within my own family my cousins been renting a council house for years she wouldn’t buy because it’s in a shit area and she doesn’t want to be there long-term. But if she can take the universal credit top ups that she’s gonna get for the next 10 years until her children leave home and put them towards buying a property in a decent enough area she most definitely can cobble together a 5% deposit she’s a nurse so she’s got a good solid salary. This will be great for somebody like her.

she will inherit in 10 years time I would imagine and that will help her to clear her mortgage in the long term, it just means that she’s gonna get ahead of the game quicker and pay less money out in rent in the short-term.

It's true what someone said in the DM comments pages, if any of this had been Jeremy Corby's idea the Mail would have wanted his head on a spike! All relative I know , but they are not wrong.

I do think it makes sense for homeowners who lose their job / become disabled / suffer a relationship breakdown to be able to claim the same housing element of UC as someone in the same situation but who rents. If for no other reason than if that person loses their home it ultimately costs the taxpayer more!
I’m not so sure about it as a right to buy type scheme, as we need more social housing in this country, not less.

Sorry if I missed someone quicker off the mark saying this, but it will never happen because Conservatives have already ensured that benefits are not a stable or reliable income with sanctions, badly administered UC and in the case of disability benefits just suddenly having them cut off well before the stated end date because someone in the DWP or assessment centre had a quota. No lender would accept that level of inherent instability.

It means that gov pays out less housing benefit and that more housing benefit goes directly to banks instead of councils and private landlords. It's just streamlining cash to the people that matter to the tories, no? You'll still keep voting for them to spite the people poorer than you though. 🤷‍♀️

It is never going to happen, nor should it. I say this as someone who could take advantage of this offer as it stands. It is not workable and is very unfair.

He did stress that it would ONLY be for people in work.

Would existing mortgaged people who fall on hard times be eligible? I know they can atm get some help for a very short period of time but only on interest only mortgage payments.

He suggested an ISA that wouldn't be subject to the UC savings eligibility of £16,000.

If you are earning so little that you need housing benefit, how long would it take you to save up £20,000 deposit?

Even if you managed to overcome these hurdles, what happens if you get sanctioned by the DWP, do you lose your house? What happens if you need a new boiler/roof/windows etc, all big expenses.

All this announcement is for is a distraction from his appalling mismanagement of the country and as a bonus, more benefit bashing.

Divide and rule once again. Why do people fall for it over and over again?

TL:DR So this is the big fat bribe Johnson is going to offer in the hope of grabbing enough votes as he continues to turn the U.K. into a kleptocracy. We all knew it would have to be a big one.

Have you read the news this afternoon?

Definitely agree with this, they have to keep property inflated because otherwise it would become apparent just unproductive the economy is without it. Even if you just think about how much personal wealth would be slashed if people were suddenly able to buy a house in an average income.

where I live most council houses are loads cheaper than non council houses especially if they are on an estate .
My sister has a lovely huge 3 bed council house its
worth around 220. The side garden is big enough to build a small house on

Go five mins up the rd and the same size house garden
but not a council house is worth a further 100k -150k

She is in the process of buying her council house at the moment
She will immediately have 84000 in a deposit under the right to buy from her discount
So she would only need a mortgage of 136k
so her mortgage would only be around £450 a month maybe less
her rent is £380
This is how they will get around the deposit issue the right to buy discount will be used as the deposit

it was the same when I bought my council house years and years ago

I’ve not voted as I’m not sure what you’re AIBU is.

You can’t get housing benefit if you have a mortgage.

So most of the people you’re annoyed at who receive housing benefit - can’t get a mortgage either.
So why are you annoyed.

Yes you can have savings but do you seriously think people claiming UC have savings of £16,000 when the threshold for claiming UC is not much - which is why you can’t afford a mortgage or get UC.

It is not more common to rent in most European countries actually. That’s another typical British lie that we are told, and then gets recirculated for years after on the modern internet.
The only countries for which this is true are Germany, and Austria: I’m not sure about Switzerland. All of those have very strong tenants’ rights to compensate, and even so are facing rising rents and social disputes as a result.

& agree make renting more favourable, the trouble is our economy doesn't have much besides housing.

Yes build more council housing, why have tax payers money in the form of housing benefit enriching landlords?

honestly I think option 2 is a better and fairer option and reduces inequality.

Option 3 is council houses, which economically recycles public money around the public purse, and still allows full rewards for those who work. This is the proven way of reducing inequality while maintaining fairness. ‘Fairness’ is a complicated concept that must allow people to gain genuine benefit from their own work, and without it societies fail, unless you are talking about creating an enslaved working group out of the only people who are prepared to act and live with honesty.

Nope , what a surprise eh?
They seemed flummoxed today.
It's not a way to run a country.

They need to concentrate on reforming the whole rental market to make it fairer. In other European countries it is more common to rent. Even people with enough money still rent. We are obsessed with buying.

We should be demanding better social housing and not fighting over scraps thrown to a handful of people.
Not everyone needs to own a property, not everyone will be able to afford to maintain a property.
Instead of distraction tactics we need affordable housing and secure rentals.

Option 2 sounds better to me too

I do wonder about the high LTV though, over 95% iirc

I thought after the crash this was better avoided

I think the principal issue with this policy is that selling off much needed social housing is not solving the crisis of affordable housing for those in need. It is of course designed to keep red wall tory voters happy.