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BTL DOOM
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Buy To Let - I have no problem with.
Borrow To Let - No, the cheap easy central bank money is meant for productive businesses is not for pushing up the price of homes and making property spekulators rich and renters poor. Sorry, it's distorting the market it must be stopped completely. -
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Yup, will to be interesting if we see interest rates go up sharply if we get the shock Brexit. Would stuff a lot of BTLers up. And a lot of people who have over-borrowed on their main residences. Could be carnage.Comment
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Squeal piggy squeal.
"We wanted to make the case that we have a history of a significant contribution to housing and that this crackdown is unfair and prejudiced."
https://en.wikipedia.org/wiki/Peter_Rachman
https://en.wikipedia.org/wiki/Nicholas_van_Hoogstraten
Maggie wanted everyone to own their own home. Not homes. Home. Her wishes should be respected.Comment
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Originally posted by administrator View PostYup, will to be interesting if we see interest rates go up sharply if we get the shock Brexit. Would stuff a lot of BTLers up. And a lot of people who have over-borrowed on their main residences. Could be carnage.
Actually that is a lie. No-one has any idea of the economic impact of stay/leave.Comment
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Originally posted by BrilloPad View PostIf(and we stand more chance of seeing an assguru post not full of bile) there is a BrExit the pound would collapse. Interest rates would not rise. There would be a huge UK economic boom.
Actually that is a lie. No-one has any idea of the economic impact of stay/leave.
I think that's the nub of it. No-one knows exactly what will happen so all the hoo-hah to date is speculation from vested interests in one outcome or the other.
The chances are that whatever happens some people will benefit from it and some will be battered by it. That's life.Comment
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Originally posted by administrator View PostYup, will to be interesting if we see interest rates go up sharply if we get the shock Brexit. Would stuff a lot of BTLers up. And a lot of people who have over-borrowed on their main residences. Could be carnage.
Though of course, no one really knows what in or out will actually result inComment
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Originally posted by AtW View PostComment
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Over 1m BTL mortgages taken out under 13 years of Labour government, all subsidised by the tax payer.
Landlords have benefitted from a massive boom in property prices in recent years, mostly on borrowed money. You would struggle to find many other investments where you would be able to put 5% or 10% deposit down and borrow the rest.
I have no problem with BTL itself, indeed I may even have one myself in the near future. However, it gets unfair tax breaks as an investment, tax breaks over home buyers, and it has driven the price of houses out of the reach of many. Contrary to what the landlords may think, they haven't done society a great favour in recent years, although to be fair, they were encouraged by the Labour government who believed in rental rather than ownership.
Tory policy has always been home ownership. I can't see levelling the playing field a bit as a problem.Comment
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