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**Will** · 02-04-2006, 12:44 PM

I have a bit more info on the so called 'affordable housing' just down the road from me. Their portfolio of the houses arrived the other day, and to start with you MUST be on a minimum of £29,500 a year to qualify for a house. This will get you 40% of the property, and you have to pay 2% rent on what you don't own. With the prices of the actual houses starting at £230,000 and going up ti £257,000. So I think that works out you'd be paying £800 a month!

I don't know ANYONE (including myself) who is looking to buy their first house, and even comes close to being able to afford that. I'm struggling to understand how this can be affordable housing, or how it helps first time buyers in any way.

02-04-2006, 12:44 PM	#5 (permalink)
Will Administrator Join Date: Mar 2006 Location: Stratford Upon Avon Posts: 938	I have a bit more info on the so called 'affordable housing' just down the road from me. Their portfolio of the houses arrived the other day, and to start with you MUST be on a minimum of £29,500 a year to qualify for a house. This will get you 40% of the property, and you have to pay 2% rent on what you don't own. With the prices of the actual houses starting at £230,000 and going up ti £257,000. So I think that works out you'd be paying £800 a month! I don't know ANYONE (including myself) who is looking to buy their first house, and even comes close to being able to afford that. I'm struggling to understand how this can be affordable housing, or how it helps first time buyers in any way. __________________ --==Forum Admin Will==-- Your Friendly Forum Admin. - Contact me.