Carney promises action on buy-to-let property market - BBC News
The Bank of England has again expressed concern about the UK's buy-to-let property market.
The Bank's governor, Mark Carney, said he was concerned about high levels of lending to landlords and that the Bank would take action.
"There are a number of things happening ... we are watching it closely and we will take action," he told the FT.
Mr Carney said the problem was that investors might sell their properties at the same time if house prices fell.
That is a problem? That would be a top result.
The UK economy is skewed by high house prices. That is not just an economic problem - its a social problem too. Another issue is buy-to-leave : empty properties are a disgrace. It is time to :-
1. Impose taxes on rented/second homes - stamp duty and annual
2. Impose taxes on empty properties
3. Stop all ownership of residential property by companies or foreigners
The Bank of England has again expressed concern about the UK's buy-to-let property market.
The Bank's governor, Mark Carney, said he was concerned about high levels of lending to landlords and that the Bank would take action.
"There are a number of things happening ... we are watching it closely and we will take action," he told the FT.
Mr Carney said the problem was that investors might sell their properties at the same time if house prices fell.
That is a problem? That would be a top result.
The UK economy is skewed by high house prices. That is not just an economic problem - its a social problem too. Another issue is buy-to-leave : empty properties are a disgrace. It is time to :-
1. Impose taxes on rented/second homes - stamp duty and annual
2. Impose taxes on empty properties
3. Stop all ownership of residential property by companies or foreigners
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