Quote:
Originally Posted by Ignitionnet
They'll have paid off the mortgage, nothing owing, and it'll be worth in real terms far more than they paid for it regardless. In addition it'll reduce the price of their new home if the market isn't at its peak.
I'd love to see a £250,000 4 bedroom house, stick a 1 in front of that for here!
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I appreciate what you are saying and agree to a certain extent but quite a few of these people will be looking to make as much as possible because they bought the house as a investment for the future and human nature being what it is they won't be happy if the house they are selling is worth 10-20 grand less than it was worth a year ago .As with most schemes like this though the proof of the pudding is in the eating ,so much depends on personal circumstances and future markets