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Hundreds apply for Stoke-on-Trent £1 houses
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Author:  Amnesia10 [ Tue Apr 23, 2013 8:11 am ]
Post subject:  Hundreds apply for Stoke-on-Trent £1 houses
http://www.bbc.co.uk/news/uk-england-stoke-staffordshire-22247663

Quote:
More than 600 people have applied to buy rundown homes in Stoke-on-Trent for £1 each, the city council has said.

Thirty five derelict homes, mainly two-bedroom terraced properties, will initially be sold off in the Cobridge area, with a further 89 to follow.

Under the £3m project, the local authority is offering loans of up to £30,000 to help complete essential repairs on the houses.
Author:  Spreadie [ Tue Apr 23, 2013 8:23 am ]
Post subject:  Re: Hundreds apply for Stoke-on-Trent £1 houses
Can you just buy one, or do you have to... *gulp*... live there? ;)
Author:  Amnesia10 [ Tue Apr 23, 2013 8:40 am ]
Post subject:  Re: Hundreds apply for Stoke-on-Trent £1 houses
Spreadie wrote:
Can you just buy one, or do you have to... *gulp*... live there? ;)

I think that you have to live there. Though I wonder how many will have been bought by buy to let landlords?
Author:  bobbdobbs [ Wed Apr 24, 2013 9:49 am ]
Post subject:  Re: Hundreds apply for Stoke-on-Trent £1 houses
Amnesia10 wrote:
Spreadie wrote:
Can you just buy one, or do you have to... *gulp*... live there? ;)

I think that you have to live there. Though I wonder how many will have been bought by buy to let landlords?


Quote:
Anyone applying must have lived in the city for the past three years.

Other criteria they must satisfy include:

A joint income of £18,000 to £25,000 a year - £30,000 maximum if they have children
Applicants must have been employed for the past two years
They must not own another property
They must have the right to live permanently in the UK
The new house must be their [bmain home for at least five years


I think these criteria will reduce the amount of BTL speculators.
Author:  Amnesia10 [ Wed Apr 24, 2013 11:01 am ]
Post subject:  Re: Hundreds apply for Stoke-on-Trent £1 houses
bobbdobbs wrote:
Amnesia10 wrote:
Spreadie wrote:
Can you just buy one, or do you have to... *gulp*... live there? ;)

I think that you have to live there. Though I wonder how many will have been bought by buy to let landlords?


Quote:
Anyone applying must have lived in the city for the past three years.

Other criteria they must satisfy include:

A joint income of £18,000 to £25,000 a year - £30,000 maximum if they have children
Applicants must have been employed for the past two years
They must not own another property
They must have the right to live permanently in the UK
The new house must be their [bmain home for at least five years


I think these criteria will reduce the amount of BTL speculators.

Yes well thought out rules that will help first time buyers. Though I wonder if those on long term benefits like the disabled could qualify, as they need homes as well.
Author:  bobbdobbs [ Wed Apr 24, 2013 11:37 am ]
Post subject:  Re: Re: Hundreds apply for Stoke-on-Trent £1 houses
Amnesia10 wrote:
bobbdobbs wrote:
Amnesia10 wrote:
[quote="Spreadie"]Can you just buy one, or do you have to... *gulp*... live there? ;)

I think that you have to live there. Though I wonder how many will have been bought by buy to let landlords?


Quote:
Anyone applying must have lived in the city for the past three years.

Other criteria they must satisfy include:

A joint income of £18,000 to £25,000 a year - £30,000 maximum if they have children
Applicants must have been employed for the past two years
They must not own another property
They must have the right to live permanently in the UK
The new house must be their [bmain home for at least five years


I think these criteria will reduce the amount of BTL speculators.

Yes well thought out rules that will help first time buyers. Though I wonder if those on long term benefits like the disabled could qualify, as they need homes as well.[/quote] if can afford the repayments and have an income, so that would disqualify most on long term benefits.
Author:  oceanicitl [ Wed Apr 24, 2013 12:16 pm ]
Post subject:  Re: Hundreds apply for Stoke-on-Trent £1 houses
They couldn't pay me to live there.
Author:  JohnSheridan [ Wed Apr 24, 2013 12:31 pm ]
Post subject:  Re: Hundreds apply for Stoke-on-Trent £1 houses
oceanicitl wrote:
They couldn't pay me to live there.


+1 :lol:
Author:  Amnesia10 [ Wed Apr 24, 2013 12:43 pm ]
Post subject:  Re: Re: Hundreds apply for Stoke-on-Trent £1 houses
bobbdobbs wrote:
Amnesia10 wrote:
Yes well thought out rules that will help first time buyers. Though I wonder if those on long term benefits like the disabled could qualify, as they need homes as well.
if can afford the repayments and have an income, so that would disqualify most on long term benefits.

Lots of disabled have quite high non means tested incomes from DLA etc. The income cap is quite sensible for those the low paid that live in the area. The fact that long term disabled are seemingly excluded from such deals could be illegal.

oceanicitl wrote:
They couldn't pay me to live there.

Agreed.
Author:  l3v1ck [ Wed Apr 24, 2013 12:56 pm ]
Post subject:  Re: Hundreds apply for Stoke-on-Trent £1 houses
Once you get into stoke, it's hard to get out. The signage is terrible.
Author:  hifidelity2 [ Thu Apr 25, 2013 8:35 am ]
Post subject:  Re: Hundreds apply for Stoke-on-Trent £1 houses
l3v1ck wrote:
Once you get into stoke, it's hard to get out. The signage is terrible.

I'm sure the Eagles did a song about that :)
Author:  jonbwfc [ Thu Apr 25, 2013 9:25 am ]
Post subject:  Re: Hundreds apply for Stoke-on-Trent £1 houses
hifidelity2 wrote:
l3v1ck wrote:
Once you get into stoke, it's hard to get out. The signage is terrible.

I'm sure the Eagles did a song about that :)

No one in history has ever seen Stoke and said 'such a lovely place!'
Author:  Spreadie [ Thu Apr 25, 2013 9:36 am ]
Post subject:  Re: Hundreds apply for Stoke-on-Trent £1 houses
oceanicitl wrote:
They couldn't pay me to live there.

Oh, don't be like that.

It'll be a nice place when it's finished.
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