12 of the best mortgage deals for first-time buyers

The truth is that there was never any 'political will' , under Labour to allow the price of an average house, to be affordable for a person earning average wage. We went to look at a house in 1999, priced at £67k. I had to move for work purposes, and four months later we went back to have another look. It had increased to £78k! At that point we pulled away thinking it was a ridiculos increase. Since then we have been forced to waste tens of thousands in rent. [I will not let house prices get out of control. Gordon Brown 1997] My own Labour MP was flipping houses, making over £200,000.00 in profits from 2000-2007, whilst ignoring my emails telling her how useless the First Time Buyer initative schemes were. I looked into the initiatives every year, for 8 years, I talked to the housing associations, estate agents, house builders, Joseph Rowntree trust, other trusts, and Homebuy agents for all the government schemes. They were all completely useless. The best scheme the government offered was the FTBI scheme. Whereupon, I would be required to purchase up to 50% of the property and pay rent on the remaining percentage retained by the government, or trust. Paying equity on a sliding scale after the first three years. However, when you work out the repayments, with the interest, over the life of the mortage,and add the rent to this sum, it was nearly as expensive as purchasing the entire property! The only government funded shared equity schemes, within 25 miles of me, fell into a number of different county councils territories. And according to all the local County Councils, who i contacted, time and time again, I had to have family, work, or some other form of ties to the area, to move there or live there! The only people who took this up were certain 'key' workers! It was a system designed NEVER to work. It was a smokescreen, so politicians could milk the system, and make huge profits, by flipping houses. [Whether that was their intention or not. When the Daily Telegraph requested to see the expenses under the freedom of information act, Labour did everything possible to hide the house flipping expenses] This is complicated theivery. Browns expenses system turned our MP's into nothing more than property speculators. Its truly unbelievable. All we ever wanted was a small house and a decent job. Now Im out of work due to the recession, running out of money, with no redundancy pay, but I have 20k in savings so the job centre have said I am not entitled to any money. Yet I still have to find £800pcm rent. All of this because we did not get onto the ladder around 1999. If this bubble had not been allowed to inflate, we would probably have got a house by now, and paid off a large percentage of the mortgage. In 1997 What the UK needed was some stability to allow us to get on with our lives. [No more boom and bust. Gordon Brown] Instead weve had a rollercoaster ride to hell under Labour.

FTB, good analysis, and the reason why we know that the vested interest brigade are plain lying. This analysis highlights the 'pent-up', not demand to buy, but frustration building up in this nation. Another bubble may burst, involving people on the streets.

The complete lack of regulation, [following Browns creation of the FSA, which destroyed the ability of the BOE to 'watch' inflation,] and the rise in the housing market really took off due around 1999. 'From 1999 onwards mortgage-backed securities, [AAA rated financial products,] which already represented one layer of packaging of debt, started to be repackaged into CDOs, thus creating a Russian doll product: a tranched, packaged product each component of which was itself a tranche of a packaged product. Given their excellent reputation, putting mortgage-backed securities rather than corporate bonds or loans inside CDOs might seem a small step. In 1999 Bayerische Landesbank, which had become involved in the US mortgage market, approached J.P. Morgan to package $14 billion of bundles of mortgages. This was the beginning of huge packages of toxic mortgage debt being passed from one bank to another. The Housing market cannot survive without FTBers. And they will not be buying until the price of an average house, returns to circa 3.5x the average salary...... [NOT the average salary OF A COUPLE. But of a single individual. As it was toward the end of the 20th Century.] Average House Prices: Source: Nationwide. 2007 Q1 £175,554 2003 Q1 £119,938 1999 Q1 £67,478 1997 Q1 £55,810 1995 Q1 £51,084 1989 Q4 £61,495 ! 1987 Q1 £40,882 The average wage has hardly increased at all during the last decade. Every FTB has access to the internet. And Every FTB has educated himself with the above figures. The Housing ponzi scheme is over. I, and every other FTB I know. Have one stipulaton when talking to Estate Agents. I am only interested in a property that is priced at its 1999 2000 price. Location, size, etc are all secondary to that single criteria The housing Market will now drag along the bottom for a decade, slowly coming down each year, with the government and Estate Agents etc , using lies and spin, to try and tell us that a bottom has finally been reached. The government who allowed this to happen, and encouraged this disastrous financial model, are now performing complicated theivery to steal our taxes, devalue the pound in your pocket through QE, and steal Interest Rates, believing we should all pay for this toxic housing bubble, even those of us who do not own property. Its theft. Plain and simple. Over the next ten years, we will enter a Japan style recession. Blame our Labour governmnet. It is certainly there fault as much as the Banks. If not more The price of an average house needs to fall back in line with the average wage. The housing CRASH is the recovery Or do all you home owners believe that no hardworking young people in the country should be allowed to have the opportunity you did, to own your own property? To return to historically sustainable levels, To stay in line with historically sustainable levels, The average house is worth about 75k. NOT 175k People on tracker mortgages are paying pennies to stay in massively artificially inflated houses, whilst we still have to find hundreds and hundreds of pounds per month in rent. Yet, having been priced out for ten years, we have already lost tens of thousands in rent. The banks have now returned to sensible lending. 3.5 times salary Banks like Lloyds have debt greater than our countries annual GDP. While our business's go under the bankers are getting richer. Until there is real accountability there will never be a recovery. Labour do not understand the concept of accountability. The UK is governed by a completely corrupt elite.