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We explain benefits and drawbacks of options ranging from special mortgages to outright gifts

 

First-time buyers are rushing to the property market for fear that prices might spiral out of control before they can get a foot on the ladder. Figures calculated for The Telegraph by Halifax, one of Britain’s biggest lenders, suggest that record numbers of buyers aged 20-45 are turning to their parents – or grandparents – for help.

 

But what is the best way for families to lend a hand to young people in their twenties or thirties? There are various options, from special mortgage products that put your savings to work to giving cash towards a deposit or acting as a guarantor. Each has its benefits and drawbacks. We run through the best solutions.

 

More: http://www.telegraph.co.uk/finance/personalfinance/borrowing/mortgages/10775065/How-to-help-children-on-to-the-housing-ladder.html


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The housing "ladder" is the biggest con that the banksters and the government have pulled against the sheeple.

It is a debt millstone not a ladder. The banksters give you "money" they don't have and charge you a lot in interest for it, far more than any interest on savings that people have. Governments are so scared inflation won't keep going up they come up with the idea that deflation is a monster and to be feared, when in fact it is inflation that eats away at anything you have.

The banksters give you these numbers in your account so you can "buy" a house. But you will not "own" that house for many many years. In the meantime, you will have to pay taxes on it, pay insurance on it, pay bills on it, keep it in good order and pay 20% with VAT of that upkeep to the government for the pleasure.

50 to 60 years ago it only took one person to pay off the mortgage but now two people working are needed and that means even more money to the government in taxes, tax on fuel, road tax, insurance etc.!

 

And at the end of your life if you manage to get there after quite a while, inflation will have pushed the price above the inheritance tax level that never keeps pace with the low and misreported level of inflation tax and the government will grab 40% of it thanking your prudence over the years and take it from your children.

 

Oh and if you are even luckier and live even longer, you have to pay for your care home fees and will have nothing to give to your children and the care home (and the care home will give some of this money to the government in taxes) will thank you for being so prudent over the years or they would have to go to the government to get them to pay for you instead

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